An attorney could certainly help you set up some protection, but adequate insurance would be more important in my opinion, and I would also be checking with the bank on whether certain "protections" are allowed by them...As in switching property into a LLC after close.

My question now is, is this just the nature of the rental business or am I right to continue with eviction and find a better tenant?

Hey Steve,I am pretty handy with excel and making financial documents, I was not quite sure if that was adequate for a Tax Accountant, I also would be scanning all receipts into "monthly/Yearly" folders. 

Probably "listing manager" or something of that nature. 

Its the nature of this business.

[Natural disaster, huge sinkhole where earth swallows it all up, etc] - insurance?

I followed the link Account Closed posted and based on my natural pettiness would be likely to pay the $30 even though I think collection probability would be low just so when their credit is pulled there is a clear scarlet letter warning future landlords this person is a deadbeat.  

Encroachment of this nature should not impede your ability to sell in securing lending for your future buyer. 

Pre-covid, one could find and acquire adequate traditional cash flow deals, but unfortunately, that is no longer the case. 

Human nature at work.