Long story short, it has been over a year and the project remained incomplete and he walked away with the money.

They did reach out and wanted a second builders deposit 3 days before xmas, 2023,  and that was the first real contact I had with them over that year long time period. 

I am wanting to get into fix and flips and eventually long term rentals. 

You can tell the tenant that they can ignore the notice as long as they follow through on paying.As the landlord you want to maintain control of the situation - not allow the tenant to do so.

Rates:$2,000 Daily$10,000 Weekly$30,000 Monthly$25,000 Long Term Monthly$3,000 Holiday Daily$15,000 Holiday WeeklyI am looking for insight for anyone who has experience in this market to see how realistic that is... 

You can replace it as long as you own it or it is jointly owned. 

Strong rental markets with low vacancy rates are ideal for long-term holds, while areas with high ARV growth are great for flips.

Im currently house hacking a triplex property I bought not too long ago with one inherited tenant who was there when I bought the property. 

And not to long ago were the Florida and NC hurricanes.  

Exit strategies are typically, refinance into a long term loan and hold or sell it for profit.Cheers!