Beyond that, and to help mitigate your current experience, I would just put tighter timelines on everything. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Clearly articulate your investment strategy, potential returns, and risk mitigation plans.

Diversification can help mitigate risk.Management Responsibilities: Buy-and-hold investments typically come with property management responsibilities.

I invest in turnkey single family homes(tenant occupied or remodeled homes).This property may require major renovations once current tenant departs.Those are just small pests and are relatively easy to mitigate. 

This reminds me of the new South Park episode where you are Butters Stotch and Morris is The Mummy and when you don't give him attention or he feels slighted he freaks out, breaks things and causes havoc all across the city. 

He could have mitigated damages for both himself and you, with a simple text/email/phone call in Oct. that he had already moved out. 

Where it makes sense is for those that live in Texas to buy in Texas they don't have income tax so they can mitigate the sky high property tax's and the ever present foundation issues that raise their ugly head through the course of ownership.

We have a cabin in the North Carolina mountains. It’s renting extremely well. The cabin isn’t isolated so if a group is outside being loud or playing loud music our neighbors hear it very well. One of our neighbors in...

But I have also taken steps to mitigate some risks.