If you are risk adverse real estate, (especially out of state) is not for you.

You might write something that shouldn’t be in there.Most credit reporting services that you screen tenants through have a standard form letter that you can use to send out the required “adverse action notice” if you denied the applicant based on information in their consumer report.

If you're talking about adverse possession there are certain timelines and criteria differing in each state for the occupant to have legal rights.

@Beau Blinder That is the main source of my aggravation, knowing that something he does on my property could potentially have an adverse affect on me/property. 

Yes, its called "adverse possession". 

The concept is known as adverse selection.Don't know for sure, but I would guess that is the case.

In our state we must notify them in writing with an "Adverse Action Notice".... which is a specific type of denial letter. 

After spending money fixing up a property, I obviously want to make sure the tenants occupying it are not damaging or tearing anything up....whether accidentally or deliberately......or worse still, using my property as a front for some shady illegal activity    (take your pick on that one....the illegal activity that is).I also want to make sure I am on top of the stuff that will break down due to normal wear and tear and stuff that needs regular maintenance.I also want to make sure the tenants are doing their part in up keeping the property as necessary....mowing lawns, shoveling snow from sidewalks and generally maintaining a reasonably clean interior and exterior for their own good and mine.If and when the tenants do tear something up, or something breaks down due to no fault of their own, unless it adversely affects their daily routine, I would think that they most likely would not report it.

Knowing what an idea doctrine is, ie - no standing, adverse possession, fraud, etc and having or being able to work through it to preserve capital is two different ideas.

I have no mortgage on this house, but am still affected adversely affected.As far as getting out before rates increase as you've suggested -- unfortunately, that doesn't seem to be a viable option.