I have two options.

The first option will give you continuous headaches with a certain likelihood that the behavior may get worse (not paying at all and more damage).

After weighing our options, it seemed the best approach.

Meanwhile, explore options with other STR PMs. 

Unless maybe you have an option on the purchase of the real estate or something.

@Jerry Chilimidos,Here is a list of lenders who specialize in lending to IRAs and 401Ks:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...I don't know where your rentals are located and how they are performing but selling might be an option vs doing cash-out refi.I would certainly consider option C.

The agent turned down a seller financing option - although it was not ran by the seller - because the agent said the seller is so done with the property that she wants nothing to do with it at all.

I am finding tenants through Facebook Marketplace, the town has a shipyard and there are lot of people that come work for a few weeks/months at a time so this is a good option for them!

Your best option may be to increase the rent to cover the additional expense.

Right now I am just looking at my options, nowhere specific too specific.