And to Mike's point, if money can be made, why not do it yourself and self-manage the STR or even hire a professional manager and cut out the middle man arbitrager.

Should I start an llc/property management or just take my cut off the monthly net?

I’ve thought about a million different models but the truth is even if they make sense in theory I’ve come to the conclusion they may be too convoluted to explain, so I will try to keep getting 2.5-3% and if I have to cut commission to gets deals done I’ll do that as well, but I think paying some percentage to sell a home is probably here to stay just possibly at a lower sometimes.

Cut the losses.  

I'm guessing you've already looked at your expenses and cut all of the extras.

Evict for non-payment and cut your losses.

My goal here was to replace all major components and renovate to a premium level finish in order to charge market rent.By installing high quality finishes, I am setting this property up to be a low maintenance long term hold 📈What kind of renovation costs are you currently spending on your properties?

For the first time this year, the local government agency has cut off the water to all houses from either 7am to 5:30pm, or from 12:00pm to 5:30pm.   

We moved into a new construction house and have had multiple sewer smell issues but never consistently, one took a year to figure out...basement bathroom someone drilled a hole in the drywall (basement finished after moving In) behind toilet to run cold water line but hit the plumbing stack and cut a hole in it.

Just want to add that the Fed is planning to cut rates later in 2024, which should lower mortgage rates, so you might want to wait until fall for refi or HELOC.