We had it thoroughly inspected and EVERYTHING has to be replaced or updated. 

I have a copy of their lease ( which is really thorough), however I have never acquired tenants before.

You might google that and see if there are some member PMs in your area.Be thorough with your selection process and make sure you and PM understand expectations.

Based on the age and what kind of plumbing was put in you should have some ideas after a thorough inspection. 

Look for somebody who is working and could get promoted, or change jobs for something better.2) Section 8 property inspections in my area are thorough and strict.

He was thorough and detailed in the way you want.

Of the remaining 30/40 inquiries only about 10 actually answer the pre-vet questions thoroughly.

By excellent, I expect great customer service, communication, and obviously thoroughness as far as title clearing is concerned.

For the first 2 to 3 years I will be deeply in the red, but by the end of 10 years I will profit $1.5 to $1.8 million, or about $150,000 to $180,000 per year for a $975,000 + $200,000 investment.I am 100% positive that the majority of real estate experts and so-called pros do not do the math, thoroughly nor correctly.Go to bestlineplumbing.com, scroll down the home page until you see the link MS Access Software, download the free software and do your projections.I am paying cash for the property, but my projections show that if I financed the property with 30% down my profit at the end of 10 years would be about $200k less, or $1.3 to $1.5 million.

That said, the BEST way to assure all that horror doesn't happen, is by keeping things as thorough as humanly possible; detailing directives, pre-agreed, for literally any and every potentiality in life, AND keeping things simple.