Better to have a judgement than a bankruptcy which will screw you up for 7 years .

(i was like you, interested in shinny objects and got distracted with the stock market... looking back I would have been much better off staying focused on RE) If you can't loose the idea of hitting the stock market, check out "The Disciplined Investor" by Andrew Horowitz and "If it Rains in Brazil, Buy Starbucks" by Peter Navarro (lol Peter is working at the White-house now.

Don’t let your rose-colored glasses cloud your judgement.

So....see...hear me out for a sec... because this is something I never "got".Just like I did DMM in the beginning against my better judgement, I too tried to follow the herd with this whole "rentals" fad.And more and more am I not becoming a fan of rentals.You buy a property for what $200K?

His landlord and your daughters will need to go to court to get a judgement.   

Some tenants will pay because they'd rather not have to move when this is over, others will pay because they don't want a judgement to sully their credit score.

Just like myself, what my tenants needed in my judgement was an opportunity to think straight and get a plan in order.

If they are confrontational and refuse to work with you at all, then tack on your late fees, and tell them you will be filing for all rents, late fees, filing fees, and attorneys fees the second courts are open, and you will be getting a judgement against them, hit their credit, and garnish their wages going forward until you are made whole.

@Corbin JonesI think the risk of liability from tenants or other slip and fall accidents or maybe you are in some other lawsuit and get a judgement against you personally, all point to having your assets in an LLC not your name personally.You could always deed the property to your name personally to refinance then put it back in the llc.But you have already found someone willing to finance in an LLC so start with the deed there where it's probably best.

The bad news is she if she is behaving this way, she is probably already judgement proof due to lack of resources.