We sit around a fire with friends , drink a bit too much and sleep in the camper . 

The way you opened the topic left me thinking that you're asking a moral/ethical question, like "how do investors sleep at night?".

It will make you sleep better at night. 

I sleep a lot better at night.Good Investing.

Yah I vote we just sleep in the bed we have created a stagnate economy could be worse peoples!

I feel like I am sleeping with the enemy..Yes, you can escrow the rent until it is fixxed.

Plus, a PM needs to be managed, if the house is across the street you'll probably sleep better at night if you're in control, the extra cashflow will be nice as well! 

Collect all your receipts, copy all 'back and forth' (wrong--shouldn't be discussing) correspondence with the ex tenant, photos of the property, ledger of the rental, trip to court, filing fees, court costs, stress and maybe some lost sleep the night before the hearing.Let it go.  

Nobody needs a stock to go to sleep at night.

Well, except that one homeless period enjoying a nasty winter sleeping in my truck in Cleveland, Ohio after college).