My PM says once the property is re-leased, they will send the evicted tenant's outstanding balance to a collection agency, but the chances of getting that money back seem slim.What have other landlord's / PM's done to get some of their money back after an eviction?

I owned a RE brokerage as well during that time so Title company got a LOT of orders.I think you tend to do far more complex deals than I do. 99% of my deals are first or second owner single family homes.

To be in the DMV is one of the best locations for RE investing 

I know nothing about RE in Bulgaria but it might be worth searching house hacking and see if that is something doable in your area.

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So, we re-Lease/Option for another 10% Option fee to someone new.

Also mention if they have an eviction in the court record its almost impossible to re-rent another place. 

You can't invest in RE by being online all the time. 

The town did a re-assessment recently.

Currently re sidding and adding value to the home.