Performing actions that are not a net positive are a gamble or gift.

So, ask yourself this:  Would you have chosen her to be your tenant had her situation been as it is now?  

The reason we blanket our chosen market so heavily is so that no one else has to. 

I like to gamble and like big profits, so I spend most of my time going after hoarder houses and abandoned properties.

@Jack Hensy,Some folks define "being rich" as "the freedom to do what you want whenever you want with who ever you want".If your chosen lifestyle puts you where you want to be, God bless ya!

Really get to know your chosen niche and market area.  

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

Even before we had one of our units not chosen, we had donated to a legal fund to fight the STR quota.  

I know of two online banks that will do it but I would NOT recommend them, like recommending FTX today.This type of LLC cannot get a conventional mortgage loan as the IRA entity is not a real person, maybe hard money will with a personal guarantee but that threatens the non taxable structure chosen for using IRA. 

It will suck out all your profit with a poorly chosen property.