At the very least it puts you in a much better negotiating position with judgement creditors. 

Possibly lower returns than projected because of statutorily mandated interest rates following court judgements. 

NO judgement here!!

I get a judgement and execution and contact the local constable.After a month or two, if they don't pay they get summonsed to a payment hearing.If they don't show, now the constable threatens to arrest them if they don't pay.Just collected 5k judgement doing this.Good luck

What matters in court isn't so much the amount, but winning, win the suit and get a judgement. yes the more $ the better but make sure to get a judgement. 

If the tenant later complains you threw out $2,000 worth of belongings, you can hit back by showing you spent $3,600 to turn the unit around.The difficulty with this approach is that $2,000 worth of belongings could FAIRLY result in a $20,000 judgement against you!

True, but if you have a civil judgement, generally they will make that E&O claim.

Other things to consider: if seller files bankruptcy, divorce, or has judgements they will stick on the house and can be recovered by many sources- as in you lose.VA and FHA are the only assumable loans.

Had to have code enforcement get a court ordered judgement to enter & shut down the abode as uninhabitable. inherited another tenant with a 3 week old new born living in disgusting conditions with a huge weed grow operation in the basement.

@Holly Ross "I toured it but found that it would almost need to be an actual rebuild since the foundation is cracked, the roof has a tree growing out of it" - That property is dead in the water so great judgement on your part to no offer on it!