While it’s not a pleasant task, initiating the eviction process can often prompt the tenant to catch up on payments to avoid further action.

Thanks for replying so promptly.

The tenant does not need to be prompted to pay but we send them reminders4.

By the way, if she stays local like you've recommended, her equity isn't enough to buy a suitable property for an STR, maybe (maybe) only a poorly maintained rental house in the absolute pits of south LA that is absolutely unsuited to Airbnb which guests will promptly one-star into oblivion.I've just noticed I'm the only one in this thread to actually offer a concrete plan.

Even if a landlord returns a deposit promptly, damage may not be apparent or known at that time.

Anyone that waited for a forum post to prompt them is a slacker!!

My frustrations aren't specifically with the deal mechanics, even though I'm very disappointed in how they turned out.My frustrations come from the lack of GP "soft skills" / broken promises that were made around full transparency (good & bad), open and timely communications, prompt delivery of investor updates & k-1s, communication in laymen terms, actively updated & accurate portal, etc. 

It's important to address any concerns promptly and to be flexible and understanding when borrowers face challenges.

After 3 years of VRBO doing 50/50 splits for payments, I've run into 1 issue of no payment before checking and the guest promptly paid. 

Having a flexible schedule can help you view properties and submit offers promptly, especially with your time crunch situation.