I won't give advice and I won't commit to a specific strategy. 

I found out a few months ago that one of the guys got committed to a mental institution and his wife divorced him while he was inside.

I'd do my homework before I commit...have you done inspections or gotten rehab estimates (and not the estimate that the wholesaler gave you).Don't let emotions drive you, think it through and don't be rushed. 

As a landlord, your best defense if things get ugly is correct paperwork delivered in a timely manner.If you're going to evaluate these guys, realize its a commit like a marriage for life.  

Make sure they can commit to a value not to exceed (you want a guaranteed maximum price - GMP).

I am deeply committed to buy-and-hold strategy as well, just not sure how feasible it is leap frog without oodles of equity or cash saved over time.

Even when property owners have property managers, they still usually have to "asset manage" those property managers, deal with the banks, and many more unforeseen time commitments.

If the host takes ownership of the issue, and commits to addressing the problem, I am even more inclined to book with them.  

Oh well dont worry, we"re neighbors now so if something is giving you trouble... just hollar, and If I'm not fishing or busy shooting at stuff, I might-could help ya out and shoot at whatever yankee thing is giving you trouble.Btw... commit "might-could" to memory... i think it's a law that if you were born in anderson, it must be your first word....s.might-could:   (verb squared)  1. the possiblity of it being possible.  

This way these debts were found as opposed to being excluded from the “typical” title policy commitment. 2) in Palm Beach county anyway, a past water debt by the tenant of a prior owner would be forgiven, to the new owner.