I also had non-paying tenants that owed me, HVAC unit needing replacement, large trees hanging over property structure that suddenly died due to beatle infestation and college tuition due all at the same time.  

Your $2,500 was your tuition for a class in the College of Hard Knocks.

If I have to pay for a child's college tuition bill of $50,000 I can't do that with the equity, I'd have to convert that equity to cash.

The partnership dissolved after that and I counted that $60K as "tuition".

A W2 can be frustrating but it provides a guaranteed paycheck, subsidized healthcare, matching retirement, tuition reimbursement, equity programs, PTO, and more.   

Having a learning mindset when doing your first/few deals - it's like tuition. 

My parents were able to pay for most of my college tuition, my wife's parents paid for even less.

Collect her rent payments and gift it back to her for tuition or other expenses while avoiding taxation.It would be worth talking to a CPA to see how to position yourself best while protecting yourself and teaching your daughter to live like an adult.

In the meantime, think "time value of money", you get the use of that money to leverage into another property, do needed renovations on an existing property, pay for your kids college tuition, or keep your business afloat until this pandemic goes away and you can take a needed vacation.

Consider it paying tuition at the school of landlording and move on.