If the tenant absolutely destroys the property when you try to evict then you can always pursue her criminally, file an insurance claim and then reduce the price on the as is sale and still sell at a lower price and keep the insurance pay out as well. 

You are not FORCED to buy a rent regulated building.I am a Brooklyn, NYC Property Investor with a portfolio of 10 small non-regulated multi-family buildings.It should be obvious that if you compare a rent regulated building to an equivalent non-regulated building, the latter is much more valuable.What REALLY BOTHERs me is the large amount of unscrupulous Investors that buy rent regulated buildings for CHEAP but then illegally treat it as non-regulated.This is NOT FAIR to those of use who pay the very large price difference to have non-regulated buildings.I am in FAVOR of forcing those Investors who purposely break the law to enrich themselves by paying for a rent regulated building but yet reap the benefit by charging market rents illegally.These criminal investors should not be competing against my much more expensive real estate.Typically, a building such as my 4 Family non-regulated building will be about twice as much as an equivalent 10 unit regulated building.

I have a credit and criminal background check company/process that I am happy with.

No offense to him, but some people have it and some dont.

I have been using SmartMove recently for background/criminal/credit check purposes when screening possible tenants. 

@Ann SkaggsSo no offensive, but a lot of red flags & gaps here on both sides...

Always screen for credit, criminal history and past evictions.

The report is thorough and included all the info I need, such as credit, criminal records, income verification and rental history.

However, say you have 10 applications and 5 of them hit your qualifications list (credit, income, criminal history) you can choose who to rent to within that group so long as you are not using protected class as a decision point. 

Then do a paid service to check for nationwide evictions, credit, and criminal history.