For rental property, the best thing I know of to hedge against a bad tenant, is a good [1 year] lease. I did a lot of research before drafting mine [which is 3 pages]; A quality tenant doesn't mind signing a 'you've-got-to-be-responsible-or-else' lease.Or else what? Depending on the county, many landlord-tenant laws are very pro-tenant. In California, for example, it takes practically an act of Congress to evict a bad tenant and then what do you have? A broken lease and little chance of suing for damages. Oh, you can sue alright, just don't expect to collect on your judgment without a lot of exhausting effort.Here's a discussion about this topic.http://www.biggerpockets.com/forums/52/topics/33970-landlord...
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