I have this RTF text:
{\\rtf1\\ansi\\ansicpg1252\\deff0\\deflang1033{\\fonttbl{\\f0\\fnil\\fcharset0 Arial;}}
{\\colortbl ;\\red0\\green0\\blue0;\\red255\\green0\
I wrote a really slick solution by extending the RichTextBox class to allow Binding to an actual rich text file.
I came across this question/answer but didn't really get what I was looking for, so hopefully what I have learned will help out those who read this in the future.
Loading a RichTextBox from an RTF file using binding or a RichTextFile control