Keep in mind how most emergency remediation companies work: The actual damage was probably under 1,000 to repair but they charge 10,000 knowing that your insurance will balk at the $10k and contest that amount, then they will probably end up agreeing to pay 5k so.

I'm guessing we end the lease, contact insurance, do repairs - then relist it for rent? 

Keep in mind this doesn't account for rehab, repairs, and reserves necessary to maintain rentals.

One option you might try is to go to Bi- Weekly Payments, this way you collect on the same cycle as their paychecks.As long as both of your tenants still have their jobs, I would ride it out, the 2nd thing is how are they maintaining the property, are you going to have to spend thousands of dollars on repairs because of damage to the property.

How AirDNA and others get the data so wrong I can’t say for sure, but I suspect it’s because they can only assume that unavailable days equal booked nights versus any number of different, non-revenue reasons, such as owners’ personal usage, repairs, etc. 

@Lue Yang FHA will give you the lowest downpayment with you being a nonoccupant coborrower.You can also do conforming, but downpayment will be 20-25%.BTW - if you find a property that needs repairs, you can look into an FHA 203(k).

Make sure to budget for any repairs that might be needed. 

Co-hosting could be locally based i.e. delivering towels, doing inspections, managing repairs and maintenance etc, or could be virtual tasks like communicating with guests and coordinating things virtually. 

Purchased for $290,000, put 25% and put $20,000 in repairs.

Have the tenant sign a Lease Amendment indicating that the tenant is responsible for the cost of installation of the charger, any maint and repairs, and also removal cost (if desired later by you or the HOA).