But he claims his bottom line is $300k.

I did a quick title search, caught him up on his mortgage (4 days before scheduled sheriff sale) and he signed over quit claim deed for $10,000 cash to move out and on with his life.

I did a quick title search, caught him up on his mortgage (4 days before scheduled sheriff sale) and he signed over quit claim deed for $10,000 cash to move out.

Obviously, you can't let them skip that step - it's not uncommon for people who would fail the screening, to try and avoid it by claiming they couldn't get the website to work or some such.

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 scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

A good broker can be very helpful here, and may also have good GC reco's (who rarely have claims).  

I'm concerned if they randomly appear and claim I wrongfully evicted them.

Obviously this means single family is unrealistic so there is not much reason to buy them.

They should’ve insured the property lines as well and you might have a claim for any loss or damages.

The HOA claims they deal with standing water in the main sewer line by bi-annual snaking of the line.