It is definitely a pain in the neck, but you have to do it.

All the useful information have posted about financial reserves and so forth can lessen the risk of this too, but if somebody has nothing to lose, they can wreak havoc.There is the possibility of claiming discrimination, harassment, injuries from an unsafe condition and so forth.

You might look at another market and see you could have done better there but I don't think there will be any regrets about buying Denver real estate now after you have owned it 30 years.There appear to be some head winds coming so it's no time to really stick your neck out and it might be a good time to put some aside for a rainy day. 

However, FHA will lend on the LOWER of the asking price or the Appraisal so just be aware that if you are at the high end of the market and the Appraiser (who isn't going to stick his neck out for you - he will probably come in on the conservative side) comes in lower, you are faced with the decision of completing the sale or finding a new buyer.

In my neck of the woods cash flow does not exist.

If you can sell and move your profits to multiple properties in a slightly less expensive area near by (go to @Brandon Turner's neck of the woods) then you can probably do even better for yourself. 

In my neck of the woods, which is Minneapolis and the surrounding suburbs, prices are getting out of control.

@Brandon Turner is just in your neck of the woods.

I am an investor-agent in the KC area and have an agent in your neck of the woods that I can get you with.

If they cause damage to anything outside by something of their own accord, then yes they are to be held responsible just the same as inside. ie: tenant decides to pull all the bushes up because they don't like them, they are responsible for paying to replace all of them.The tenant's responsibilities for yard maintenance should be outlined clearly in the lease. ie: mowing the lawn every 2 weeks, raking leaves, etc.You are held liable for injuries that happen on the property if you're found to be negligent. ie: Your steps are notoriously slippery in the rain, tenant brings it up and a concern you dismiss it, tenant falls and breaks something.