At that time the ex wife warned us that he was bad at managing money and would likely get behind on rent.

The idea you’ve got isn’t a bad one but I’d want to do some research before you lock yourself into a lease at 1000 a month.

From those one looked fairly good, well managed on the upswing as a new owner had come in and started remodeling and kicking bad tenants out. 24 unit complexList 565,000Purchase Price 535,000Gross Rent:138,000Less Vacancy(10%) 13,830Operating Income 124,470Property Tax 8,837Insurance: 6,900Management(6% after vacancy): 7,468Maintenance(6%): 8,298CapEx(6%): 8,298Water: 8,400Waste: 2,700Electric: 8,400(laundry room, hot water heaters, security camera's)Cleaning(unit turnover): 1,800Landscaping: 600Operating Expenses : 60,301Net Operating : 64,169Loan Payments(100% financing): 42,369Cashflow:21,80024 units - 16 2bedroom and 8 - 1 bedroom lofts.

Bad faith tenants are unlikely to pursue landlords for damages when they know any bluff will be called in short order. 

:)  I just did one that was really bad.

You can easily be more or less involved, and whichever you choose will significantly influence your ROI.

Take some photos before , during, and after your project, then share with us the good, bad, and ugly.Being a landlord is not easy, but with a team,  Its money in the bank !

"bad debt" but (suffice it to say) not all debts are similar. 

Just keep after it and I guarantee if you want it  bad enough you will prevail! 

It’s not a rental house with a 2.2k mortgage and 1375/mo rent - I agree that would be bad news!