I do not wish to go to small claims court, but at least I can try collecting from her via 3rd party service and if unpaid, report the credit bureaus.

We send a message prior to check in about no parties and how we need to have everyone's names in the group. 

Most often the terms specify that distributions are first paid to satisfy the preferred return and second they are paid to return capital, so the capital account would look like this:$100,000 starting balance$8,000 preferred return accrual($8,000) preferred return distribution$100,000 ending balanceIn year two, there is another $8,000 due, etc.But partnership agreements can be written however the parties agree, so the rules could be different and that would result in entirely different calculations and results.

There are no 3rd party property managers that are going to reply after business hours.

If there are more people living there, Make them do applications with background checks and add them to the lease for responsible parties. 4.

I've been told the hard part is finding a builder who's willing to build without me paying a large percentage upfront.

And third, you could consider investing more passively in a syndication. 

Loud parties after hours, smoke smells between units, roaches coming from the neighbors, and aggressive dogs. 

My head is going to explode as not sure where is best to look at  @Aaron Laprade I admit I might be a bit biased, but Kentucky boasts some of the top short-term rental markets in the country, according to third-party data.

I would never loan my money the way you see it done with the Brokers.. they rely on 3 party appraisals and credit reports they Never or basically never even meet their client to eye ball them..