Would you say that if I practice the right amount of caution, and seek as much professional advice as I can about my first few investments.

What type of returns, as a function of NOI, are you folks seeking?

@Russell CazeaultIf you are seeking legal protection, I assume specifically against being sued, have you considered purchasing an insurance policy for it?

If I had a penny for every item tenants left behind when they vacated, I'd already have the financial freedom through real estate we're all seeking!

I've been seeking someone who understands my situation and has the experience and skill to help me navigate these treacherous waters.

Joe the sounds of it your strictly seeking cashflow, if that’s the case house prices in $50k range give you a lot more leverage more cash flow then any deal That you will need to put $50k as down payment.

Hire an attorney, do it right, do it as quickly as possible, seek a judgment for anything unpaid, and then mentally write it off because you're unlikely to see a dime.In the future, you should consider hiring a professional property manager.

I'm at the very beginning of my real estate journey here and seeking some advice and opinions from the network. 

Please seek out the guidance of a CPA and Financial Advisor knowledgeable about these types of products.

Readers should seek professional advice.