@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.

I suspect there would be massive blow back if the feds attempt to lower sec 8 rental assistance. 

@Joshua Patterson nice intro, but what specifically do you need our assistance with?

If no other debts to pay off, I'd seek diversity in liquid debt mutual funds like BDCs. 

Local RE Economy : Although proportionately more affluent areas were impacted, Altedena is one of the most diverse constituencies in the State.

However, we will likely need a property manager to assist with some facets of running this rental (since we would not live locally) and would primarily market it through platforms such as Airbnb and VRBO to start, (eventually setting up a direct booking process).Here's our question for those who have experience in STR's or who might be involved in a similar scenario: How challenging is it to meet the material participation hours needed to achieve active status?

My sister and I founded Abideaway to help short term rental hosts increase their profitability and guest experience through interior design, mural painting, and digital branding—in essence, a suite of creative services to set them apart :) We work nationwide and would be happy to help wherever you land.Would love to chat with you to learn more about your direction and see how we can assist.

Hi Junior, I'm in Atlanta, but I have sold properties in Macon, Ga if you every need any assistance.  

Start anywhere—offer to assist, intern, whatever it takes—and absorb as much knowledge as you can.