What aggravates me about this situation is the HOA never communicated anything to me personally about the trash in front of the property until yesterday when I received an email of the incident and a fine and a required meeting with the board.

I've had one tenant owe me $2k+ - I was polite to her when she moved out and treated her with dignity and respect and she paid me every dime 4-5mos later when she got her tax return - have another similar incident when someone else fell on a hard time. 

If you do this, you must do thorough DD on the LLC.  10 years from  now the LLC could be sued or a tax or code judgement applied regarding an incident from before you bought it and you'd be holding the bag. 

I would say the absence of these incidents is a success. 

Just the fact that there could be an incident that leads to a lawsuit, with the landlord having to defend the lawsuit, is a very expensive matter; and there's no guarantee the tenant will cover that legal expense for the landlord, even if they so promised to indemnify.

Sometimes, if it's an isolated incident that causes the bad credit rating, they can work with you.

We have the means to remove the trailers but are worried about an "incident" if the tenants happen to be there when we are removing it. 

I have contacted the police each time now that there's been a noise incident.

She eventually left without incident, one month lost rent.Now, if YOU file the eviction prior to her 30 days being up, she will have a cause of action against YOU for retaliation, and may be able to extend her occupancy for FREE!!!

I've been on time with my mortgage, student loans and other accounts at 100% for a number of years vs. this most recent incident.