I have my eye on a few places in Evansville so I'm very interested in how this is working out for you.   

Keep your eyes open while you're young and you can learn a lot more than you can sitting in a class room.

If you intend to evict someone, turn off all methods of payment so they can't make partial payments and lock you in.If they're making payments and you think they can catch up within 30 days, then it may be worth sticking this out and hoping they do the right thing.

We have a conflict tonight, unfortunately, but will keep an eye out for the next one.

That was eye opening.

The one catch is, the current rents are well below market rate (current: $475/unit, market rate: ~$750).

So, called me at least once a week, explained how she just got a job, had to catch up on some bills.

Would love another set of eyes, especially more experienced, to look it over.

The result is that you are in a position where you can ask for your money back BUT the seller does not have to give anything back because they did nothing wrong in the eyes contract law.

In any area with any type of rent control make sure the current tenant is paying close to market rent or you might not be able to raise rent enough to ever catch-up.