Now I know one bad tenant can totally screw things up but with proper eviction procedure and the right deposit amount based on their screening I should be alright.

It's all spelled out on a HUD form called "Approval to Participate, Property Sales Information, Property Occupancy & Maintenance, Pre-foreclosure Sale Procedure".

It's over, the county messed up the proper notification/procedure somewhere, you'll get your deposit back.

Could be beneficial for you to circumvent these procedures, but i would never recommend it as it opens you up to much more risk. 

I've been business for a while, and often, I hear people say "I want to see a step by step procedure" which these podcast don't give you.

All the PM can do is mitigate the risk of the neighborhood as much as possible using proven policies, procedures & experience.I also find it humorous when an investor who owns the ghettoist portfolio one can imagine will call me up & ask me if we will waive eviction fees for them if there is a certain amount of them...Lol no man, honestly I should charge you more every time for the added hassle.

I want more procedural information than strategy at this point.

Every little detail from finding it, to the rehab procedures and acquiring the GC, the financing and refi and where it stands currently from each one's rent to any obstacles you have while owning it today. 

A single tenant investment grade BBB-  or better the odds of default are very low and passive.If you had Aspen Dental, T-mobile, Starbucks 3 topper with corporate guarantee and 10% increase every 5 years then different ballgame then mom and pop tenants.It's all in the details that makes the difference which way you might go.STNL credit tends to sell at lower cap rate also with longer term leases.

Yes, it depends on your state procedures.