So I reducing the rent to $4900 which led to multiple showings per day, leading to two applications and apartment was rented out before the end of that week. 

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Since you are now up against it, I would first see if they are planning on moving, explain the situation, but back that up with an attorney ready to go.

Here is some information that might be helpful.Rent Collection/Property Management:For collecting rent from multiple tenants and managing your property, here are a few popular options:Cozy.co: This platform is free for landlords and provides rent collection, expense tracking, and even maintenance request functionalities.Buildium: This is more comprehensive and suitable if you ever decide to scale up and manage multiple properties.

Sometimes, this type of situation means opportunity.

How do you track that if you have multiple clients?

Plus the added tax benefits to support my current situation ($120k a year as a "single" person with "0" dependents Uncle Sam definitely gets his cut) A home my family and I could use in the off seasons on vacation plus creating a unique experience with lifelong memories for our guests sounds great to me, regardless of whether it cash flows.

Saw a house with a For Sale by Owner sign in a yard with tall grass and after some drama, we have a house.We have dealt with long term rentals for over 15 years, but not aggressively ( keep them rented and do some improvements ).This "old house" needs, updated HVAC, new roof, new kitchen, some broken windows, upgraded electrical, water run off issues...I'm just starting to clear the house out with multiple dumpsters and starting to get quotes.  

This will create a situation where all you are responsible for is owning the property and the master tenant assumes responsibility for everything else.

I have worked with him with multiple deals and is a great connection in the Memphis market for S8.