Any thoughts on if this might be a smart decision or if I should just rent equipment and write-off the costs?

When the male tenant moved out, you should have made decisions about the female tenant.

Hiring a Property ManagerManaging Yourself:Control: You have direct control over tenant selection, maintenance decisions, and overall management style.Cost Savings: You save on property management fees, which can range from 8-12% of monthly rental income.Challenges: Being across the country means responding to emergencies or maintenance issues can be tough.

Most cash flow or door chasers fail to understand this and that's what leads to bad investment decisions.  

Regardless of whether it was the right decision or not, how do you move forward?

one last note, owning BTC or any other crypto asset is not an “in lieu of” decision.

@Karl Kauper going to guess your current PMC:1) Is having too many tenant nonpayment issues for your likingAnd/or2) Refusing to share their background checks with you, so you can make your own approval decisions to address #1 above.Several factors may be at play here that you may want to consider before being trigger-happy:1) For several legal and contractual reasons, it's pretty much NOT possible for a PMC to share background checks with an owner. 2) What Class of property do you own?

My dad taught me decent financials growing up and I'm the only one in my family who hasn't made a financially poor decision(some sort of bad debt or bankruptcy.)

What I think is that the mileage and meals would become business costs to write off tax.\2.

Be sure to compare the terms and fees before making a decision!