As a lender, you have the right to foreclose non-judicially so long as you follow the procedures and recognize the protections for the borrower, right to cure, etc.

The City of Pittsburgh has its own separate code office that follows different policies and procedures than the near suburbs.

They further agreed that if any of the principals reentered the business of lending that they would presubmit a written lending policy and procedure manual for government approval before making any loans as well as an automatic annual review of their lending operation, and lending compliance training for owners, of4icers, employees, and agents of the new lending entity.

Okay, that's a little hyperbolic as I know it's not your "standard procedure".  

Make sure you follow proper procedures.  

In addition, a Revenue Ruling is stronger guidance than a Revenue Procedure, so the DST has a slightly stronger footing in terms of tax rulings. 

Only that they were filed as a compliance procedure.

Definitely make sure your lease states your fees, policies, and procedures. 

Every state is different in procedures and More importantly differ in what liens you may inherit with the property.

Also can you recommend some vetting procedures for screening the tenants?