A judgement against you personally (car accident, etc) will automatically attach to all properties recorded in your personal name, including your home.

Our criteria has always been 600+ FICO score, income 3X rent, no evictions, no judgements, no felons. 

Courts are slow on judgements. 

So in this case that would be only $20k extra or $370kAt the end of the day you just have to make your best judgement.

You could get a monetary judgement, but the tenant still would not be removed from property.I had two tenants stop paying.

Fill out the paperwork, serve the tenant, attend trial (unless they leave willingly), and wait for judgement.

You need to physically see the property to make your own judgement. 

Get a judgement then turn the judgement over to a collection agency.

In Louisiana you can confirm your tax sale, receive a judgement with quiet title and wait for years and all the big national title insurance companies wont touch it.

When rents were forced down the owners with the good locations ended up with all of the surviving tenants - and the owners of the poor locations were in hot water.I think it is a common mistake in judgement to think that "luxury" items are the first to go in an economic squeeze.