As much of a disappointment as it is when it occurs, there are some bad tenants out there who will force you into court over things like eviction or property damage.

If not cured or paid off, the sale will occur.

Injury occurred 3 weeks ago but they didnt inform me about paying late.

Close a 20 Unit or more investment by end of Q2Partnership or syndicationEngage 1-2 persons per week to invest Gain verbal commitments totaling $245,000 by end of Q1Build content for potential new investors to learn about passive investing, as well as activeDocument my existing Business so a VA or employee can step in - Complete 1 task per monthParts List or components used in RentalsHow to Market vacant rentalsListingDecision Tree for Tenant acceptance or declineLeaseLease RenewalsHow rental payments are automatically accepted and processed/what to do when a payment does not occur or failsMore tasks to come

Your standard business practice, the substance of communications with your professionals, and certainly any financial documentation you can bring to bear on what made you change your mind - these all go to demonstrate your intent.So it sounds like this is a fortunate accident for you. 

If problems occur and the police are called to the property multiple times, they can ask me for a copy of the background check that I did on the tenant. 

You may also want to put into contract that if the rehab is completed x number of days before expected deadline, contractor will receive a 5% bonus and if it is completed x number of days after deadline, a 5% reduction will occur weekly or something along those lines to make sure they are accountable.I would suggest that you read the book "Long Distance Real Estate Investing" by David Greene if you really want to invest out-of-state.

In fact, if the preferred return is 8% IRR, return of capital MUST occur in this tier by definition. 

While trying to research possible advantages I could look into that may tip deals in my favor, it occurred to me that in my area, there's a lot of flood zones, and a lot of people unwilling to touch them, period.

Personally I hate bandit signs, they clutter street corners, potentially cause vehicle accidents or delays and end up as litter more often than not.