The catch is that if the buyer fails to make payments, then the property automatically goes back to the seller. 

I would just like to catch the leaks early so that if my tenant fails to notify me or doesn't notice, I don't have to find out on my water bill at the end of the month. 30 days of a constantly running toilet adds up.

So let's say out of state landlord fail to make a payment , bankrupt pass away etc the agent is responsible. that is the problem and that is why I mentioned most property managers would not do it.

Failing to accept the rent is cause to lose your eviction case.

I was hoping there maybe some special portfolio loan that may work but I may get a cosigner if all else fails.

There are many on here who’ve been in real estate for 25+ years and have seen 7 or 8 out of every 10 people fail, miserably in real estate.I had someone send me a message the other day telling me I’m too mean.My intention is not to be mean, my intention is to be brutally honest and to tell people what others are afraid to tell them because it is not in their best interest because they’re trying to sell them a product.Chris, if you are too mean, what in the world am I?

What if you failed to follow your LLC formalities or underfunded your LLC?

When all else fails, they will hang up on you and not answer calls any more.

So she failed and now she's demanding.

The truth is, you've been fortunate and haven't had to deal with a difficult tenant until now, so you haven't learned the hard lessons and you failed to prepare for the inevitable nonsense that landlords have to deal with.The law gives you 30 days to deal with the deposit, but you chose to wait and hope the problem would go away.