@William Hochstedler  Generally that's the case in the high value markets. where tax sales are fruitfulis in areas of CA. .that were developed in the early 1900 as vast subdivisions before subdivision map act became law.. think San Fernando and Riverside counties there where literally millions of lot created ( platted ) with no streets or utls at all. 

As is the case in any market, you can eliminate 99% of your problems if you screen well.  

I'll bet you can find a Disciplinary Action case in Texas like the one I found in NC with similar circumstances to your deal.

But, as is the case in poker, with rentals you really don't know all the possibilities or their odds.

To bring case in point, look at your "10k a month" scenario.

Which is better for your case in my opinion.

But that might not be the case in your scenario.  

You should never have a tenant 60 days deep into unpaid rent without an eviction case in process.  

Black Diamond is hosting Inessa Shur, a landlord/eviction attorney on February 21, she will be speaking on Winning your Eviction case in MA.   

The scary thing I think about is the one and only time we had to go in front of a judge to evict someone, the case in front of ours was a landlord trying to get a tenant with an open bankruptcy out of his property.