Depending on the volume you would be submitting, find a company that does not have high monthly minimums and can walk you through the process if this is your first time using.

Do you use any tools or services to automate the process, or is it something you manually handle?

@Bob Stevens I meant, you're pulling comps as part of your process to analyze a deal, right?

Cut your losses the first time they miss a payment and start the eviction process.

You could then complete the construction and build your primary where you want on the land.It's a bit of a complicated process. 

@Sean Gallagher not a sales pitch, but this is what we provide for investors in Metro Detroit:)Understand that if you hire the latest & greatest PMC, many grow using poorly trained VA's. - Your portfolio will suffer:(You want a PMC that has great systems in place, including a great portal where you can keep tabs on eveything.You will also need to manage your PMC on a regular basis.

You'll still make a premium over long term rental rates and not have to deal with a cleaner very often.With airbnbs, the beauty is not having to hire a Property Manager, your cleaners act as eyes on the property. 

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Then you hire a coach to accelerate your learning and take you to the next level.Using a sports analogy, it would be foolish to hire a basketball coach if your intent is to play pickup games every Saturday for fun.

I would work on my communication of my processes including letting them know asap of their schedule with me.