I would like to expand a bit and put some systems and processes in place and generally get a little more serious when it comes to the management side.In Brandon Turner's Book- The Book on Managing Rental Properties, in chapter 3 he talks about creating a company policy binder.

You'll just add to your losses and still have the same mess to clean up.The process for abandoned property is to give written notice to the tenant at their last known address (your rental).

I have started the process you mentioned about comparing different software and that is how I landed on rentvine.  

That said, sometime these clients don't want to deal with shopping the debt at all - and fully dedicate the debt brokerage process to us.

Start eviction process the moment you can.

It’s likely the GC will subcontract the concrete work to a specialist while they focus on managing the permitting process and ensuring everything is done to code—especially if there are ADA requirements involved for the ramp.Let me know if you need help navigating the process or any tips for working with contractors.

.: I'm very new to this and would love to get your thoughts on this and are there any downsides to the process?

Depending on the fee schedule and activity this can cost significant transaction fees and always includes some red tape and extra processes to go through.

Looking to hear from investors, business owners, and anyone who’s navigated this process successfully!

In addition, if you're actively flipping properties in the area, I currently have time on my hands and I'd be happy to support you in one of your projects in exchange for learning in depth about the process.