---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you experience one of the above?

This is typically the civil procedure you'll see, but it can vary state to state.  

Bad debt are items that typically depreciate heavily in actual value you could later resale for but sometimes it doesn't matter.I have a massage chair that cost as much as a car.

That's why there are licensing procedures.

Most of our investors start with a 10-20 multi unit in order to establish the necessary procedures and relationships to be successful in the multi family market segment. 

What is the procedure to have the current owner replaced with me if no consideration or $1.00 consideration ?

Just read the statute on taking possession during the redemption period due to abandonment, follow the procedures, and you should be able to get the house within three weeks from the date you close.