In addition you can use it to collect initial security deposits or to bill the tenant for addition items such as billed back utilities, damages, etc.

I did extensive research on the market and based on purchase prices and rents in the area it seemed like a good investment.

@Morgan Reynolds Did you ever get your pitch book built or collect any examples?

If you were entitled to those lawyer's costs your lawyer would have asked for them in the lawsuit because a judgement gives you the most ability to potentially collect that money back from the tenant. 

There are other towns with much less city intervention and will have much higher chances of collecting higher rents. 

The only thing a tenant does it prove the rent you can collect as opposed to a proforma of suggested rent.

Or, I’d have to get an extension of the closing date, which kinda defeats the purpose/competitive edge of a cash offer.

Negative cash flow is difficult especially on more extensive tenant turn overs or when dealing with a PIA tenant.  

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.