Locally when we file for evictions the courts (or their lawyers) order them to file for state aid, if they refuse the eviction moves forward. 

You really do not want to start courting investors until you know the business intimately and until you know the numbers you do not know the business ie. values, CAP rates, Comps, Occupancies, Prevailing Rents, Rent growth, typical CapEx, OpEx, prop taxes, financing, SEC regs, Investor requirements etc.  

@George HuntleyPre-foreclosure filings can be obtained by visiting the Wisconsin Circuit Court website.

Kindly confirm if you are in agreement with the above repayment statements before we can proceed any further.If someone has experience with a loan like this, please let me know what you think about this whether it's a good idea or not for being our first rental property.

@Jeff Schemmel We asked several questions to get the tenant's side of the story and then we looked up the court records and the tenant's description matched what we could find online from the courts.

If we end up in court will the judge see that this is in fact a "Just Cause" eviction based upon our correspondence and evidence and that I simply made a procedural error in not submitting the proper notice?

You can go the route of filing in court and hope that motivates him to pay, but it's likely just going to cost you more out of pocket with no positive result.I would tell the tenant what the right thing is, then wait.

Do go to the property towards the end of the inspection and walk through with the inspector having them point out what they found, as ultimately you’ll need to decide for yourself how to proceed with those findings.

The best thing to have in court is a police reports.  

If the owner wanted to sell the property after I fixed it up, I also want a way to recover the rehab costs by collecting some portion of the sale proceeds.