I do agree the lack of control is a potential issue. .People recover over time and they want their name off of the loan.

If you are new, it will take you a year to recover from a 1-star review.I have been staying in timeshares and short-term rentals my whole life.

Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement. 

This negative position can consume years of cash flow to recover.

To look at it from a months to recover, $450k divided by $3k is 150 months, which is 12.5 years.  

Limited labor and resources : Unlike the catastrophic fires in Lahaina Hawaii there are significant resources in Los Angeles to contribute to recover, but quality contractors, tradesman, plumbers, electricians and laborers have long been in short supply.

Our crew tracked the thieves footprints and sled marks through the snow to some old warehouses nearby and recovered some of the tools.

Also, there will be permanent migration to northern coastal California, Oregon, Washington, Vegas, Texas, Tennessee, Florida, NY and anywhere else families can find a permanent refuge from the trauma as the recover, rebuild or restart. 

At the numbers you are talking about and where the market is heading you could pick up some very high quality NNN national credit tenant properties as commercial continues to recover. 

Buyer may elect to treat this Contract as canceled, in which case all Earnest Money received hereunder will be returned to Buyer and Buyer may recover such damages as may be proper.