so a lot of those higher end foreclosures in those days as well were what they called strategic.. 

Just be aware before giving advice that many states in the country have robust eviction processes.

To not waste time or your money...identify correct rental rate quickly and adjust when needed, maximize exposure, prequal anyone you show property to, eliminate unqualified prospects efficiently, gather feedback and make strategic repairs/upgrades, screen prospects effectively.What quality of property is this and in what quality area (demographics, income, level etc)?