Quote from @Collin Hays: Lately, we have been inundated with last minute cancellations, with the guest disputing the charge with their credit card company.  

Also, your total returns go down without any leverage because you lose the multiplier effect of appreciation.Now, to answer your question.

@Ryan Williams - Leverage always increases your returns.

I obviously have no interest in boyfriend staying as they are constantly a week late on rent and I suspect to not receive another dime moving forward.

Cash invested: $40,000 Sale price: $205,000 Strategic Market Pivot: From Long-Term Rental to High-Yield Fix and FlipThis property was strategically transitioned from a single-family long-term rental (LTR) into a fix-and-flip project after analyzing market trends and identifying a pivot that would yield better long-term returns.

You can certainly leave money in your BRRRR - it doesn't have to be the "perfect" BRRRR that so often is talked about where you pull all of your investment out and then some and therefore have infinite returns.

So that’s a 8000% tax free return.

In short, he could simply not return the money or the profit by saying that he had reasons of force majeure, without clarifying any additional details.

My suggestion is to build a spreadsheet and include the net cash flow to you for every month of the deal, then use the IRR function to figure out your return. 

I now monitor the owner's equity, return on investment, and other factors and then proactively reach out when they are ripe for selling, exchanging, or adding doors.