Depending on the student demographic they can destroy your rental so make sure you have the right insurance

@Steve ShultzI would probably just wait till they burn the house down next week Then I’d do something about them destroying your property .

However it states that the 2013, 2014 and 2015 taxes have been forfeited which I assume means sold. 2016 says no taxes sold.My brother is a massive degenerate and loser, his credit is already destroyed and he's filed for bankruptcy and owes over 400K to the IRS.

If theyno destroy it I just fix and rent.

The residential note field is a field filled with regulatory land mines, attorneys looking for class action lawsuits, and deadbeat borrowers spending 2-4 years living for free while simultaneously destroying the house.  

what happens if the buyer destroys or contaminates the property or uses it as collateral or doesn't pay the insurance etcCan I ask for other collateral?

In addition, Tenant shall not knowingly, intentionally, deliberately, or negligently destroy, deface, damage, impair, or remove any part of the Premises or knowingly permit any person within Tenant’s control to do so.

However, this home is in Berkeley and I am concerned about destroying historical elements and potential added structural engineering costs that could make the house attractive to a buyer in future years, along with the opportunity cost of construction now versus getting rental income from the house in the next few months. 

One town-wrecking tornado destroys my entire portfolio.

Your mediocre tenant turns a year later, destroys the place and you have to put another $2500 in.