Do you feel this is controllable or that it's mostly up to chance who succeeds and who fails? 

A very large percentage of people contacting me from CL fail to show up to look at the unit.

Just a flipper that keeps his property as a rental, which is what many flippers do when they fail to sell. 

The type who will ignore great advice and fail then the blame society, the govt and the media..

I would probably focus on three things.  1) filling the vacancy for as close to the old rent as possible (to help with refinancing or selling 2) refinance it and talk to a few different banks/brokers.  3) If all else fails, list it and 1031 into another project. 

Especially as maintenance bombs increase in there detonations, the opportunities to acquire from failed operators is at the door step.  

The business agreement would act similarly if an STR manager fails to pay, but that kind of an agreement may be less familiar than a long-term lease to a long-term lessor.

Wholesaling is a mirage that social media and fake gurus make seem easy when in reality, most fail miserably and spend their money on one month of marketing when everyone knows it takes six to eight months of cross-platform marketing to make stuff happen.My best advice is not to wholesale.

PPR sends me (or my IRA) a check every single month without fail. 

For example, failing to file a Business of Information (BOI) report correctly can result in penalties of $500 per day or even up to one year in jail if the filing is late.2.LegalZoom or Similar Services:LegalZoom can help create an LLC for about $600.