@Daniel Kauffman for one, I didn't like the lack of control over my own rental and it took the personal aspect away. 

My property was broken into and there are signs of drug use, copper pipes were stolen, appliance control boards stolen, damages caused, camera system was stolen too, and much more.How does insurance look at this?

Cash offers lower costs and control but limits diversification and potential returns while financing allows you to scale faster with more properties, but increases complexity and risk.

What ever I have been reading on this it seems Landlord is always responsible :( which is sad as landlord is not living in the house and has no control how a tenant keeps the house. 

Politicians have been making idiotic housing policy - starting with rent control - for over a century.The idiots still don't understand that when you screw with a free market you get lots of unintended consequences - and many times you end up with the opposite effect of what you are trying to achieve - NYC is one shining example of this...Sigh

You would be banking on a few factors out of your control to get out of that situation.

For example, if you raised rent by $25 a month that is not likely to trigger them moving but it does help control the gap that could develop between your rent and market rates.Each year you skip widens the gap and makes it harder to close and more likely to trigger a move. $400 is tough to recover in one change without triggering a move.I have learned the hard way that I really should not skip rent increases every year, even if they are small.

That's why I asked if it's a master policy controlled by your PMC that your company adds managed properties to. 

But you could always lease to own; that way, you control the property and do not need to worry about a foreclosure. 

There's rent control, rent increases, rent regulations, etc.