Quote from @Justin Hammerle: @Thomas Lebens - if this is your first property and you plan to occupy why not consider an FHA?   

For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale. 

I have not yet, but plan to!

Secondarily, LLC ownership is very helpful for business planning.

Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.

I currently live outside the US and am planning to move back in a few years.

Quote from @Jack Krusinski: When my rental properties are in a situation like this, I make an effort to create a structured and aggressive payment plan to help tenants catch up.

However, if you're saying the one is leaving but they still plan on paying their portion of the rent that seems odd to me....

If the plan is to go local, I would recommend going to investor meet ups.

When I coach I always preach "You need to have an Escape Plan for your money."