the way to go about it is turn it over to your insurance and get the police report.. sometimes insurance will then subjugate the claim and go after the tenant criminally I had that happen on one of my rentals where the tenant did 40k in malicious damage on a new construction home I purchased in MS. 

In the first six pages of our private placement, we detail the reasons of how that could potentially happen.

Thanks for the ideas!

Quote from @Rick Ilich: Thank you very much for the quick response!

Or any tips for mitigating risks when market timing doesn’t align perfectly?

The only issue appears to be the missing breakers and it being turned off by the bank.

What are you doing with the first one? 

@Reno Philip Welcome and you are in the right place and you are on the right track. 

Plan was to do self storage; then found out the creek that sits a ways back flooded 5 years ago, not in a floodzone but all the locals know so self storage is a tough sell at this point. 

You have the most to lose now since you'd be out all of your investment if the FC goes ahead.