An eviction is typically reserved for someone who is currently bound by a lease and is not abiding by the terms of that lease.  

Said I was a loose cannon.

This ties back to the replacement value - if the market does not pay replacement value plus land value for a home then most likly you cannot afford to put a new roof, windows, kitchen and bathroom in the property without loosing money.The question is not how much do you spend on a home.

I recommend you speak with you tax professional to stay within bounds of IRS rules.  

I may offer cash for keys to the tenant, assuming he would accept my offer, but what happened if he refuses my offer, would I loose my EMD?

How can I get insight into that $ number that would pry it loose...? 

Just like lending a friend money and knowing you won't get it back, go into this with the mindset that you will most likely loose a few thousand (unpaid rent, eviction and repairs) on this deal.  

Create a Facebook Group as wellMaybe there is a way to create a BP group -  not sure on that one.I also discussed how to get it on the MAREI calendar.And not to change your programming, but there is a big group that meets every Wednesday from 9 to 11 am that a lot of people go to so you might loose out on some attendance from people that go to that one and can't make it to yours.  

The kitchen ceiling fan is loose and one light socket doesn't work; and14.

The loose fill sticks to you when it comes down but that got done too.