Well, let's all hope the tenant is safe and has found new accomodations in a prison cell.I personally would want it "as is" to decide for myself how to proceed.

For a commercial loan at 7% over 15 years, you can use an online loan calculator to estimate your monthly payments.

These can be found online by search 'Section 8 Fair Market Rent for 2024'.

@Oli HarpsTo manage your Oakland 4-plex effectively, stay informed about the local market, build local connections, conduct thorough tenant screening, consider value-add opportunities, decide whether to self-manage or hire a property management company, network with local investors, plan for growth through scaling your portfolio, explore financing options, and stay informed about the local market through online communities and resources.

That's just the fact of the matter, and I think you having humility and empathy will make you a good landlord because you are dealing with people's homes where they should feel safe and comfortable and you seem to understand that this is more than just a normal business. 

There is so much BAD information online about LLC's and real estate investments its disgusting. 

Here on the Northwest side of the city there are plenty of A, B, & C neighborhoods that are perfectly safe.  

Safe revenue when I am up and running full STR in the Spring is 50k, but I think I can do closer to 75k and up with a few tweaks.

Check out other online guides available here: https://www.biggerpockets.com/guides3.

You're going to have cancelations because nobody OOS can safely travel.