There a quite a few options here, and the details will determine what's available to you.

The walkthrough can play a critical role in determining compensation.

At the same time, look to see if he left any contact information behind and reach out to family to determine his status.If you can't contact anyone soon, I would consider moving his belongings to storage, terminating the lease, and finding a new roommate.Because you are in California, I would consult an attorney.

So, cash management is a function whereby the manager determines the cash not needed for the current operating cycle (week or month, daily in big companies) and puts the cash to work at better interest.

Although it was determined to not be needed, i did a repipe on the property, and performed cosmetic upgrades.

You have to analyze those possible outcomes and determine what you are comfortable with. 

I would conduct an inspection, determine the cause, and make the repair.You shouldn't keep tenants who habitually pay late, but there are various factors to think about and I can't go into all of them.

(Click to enlarge.)I've created the following decision tree to help determine the best option based on your situation.

You would determine an amount to set aside for repairs, improvements and vacancy beforehand.  

She has informed me that she is actively working on furnishing the home to operate as a STR should I decide to proceed.I have not closed on this property yet as I'm still determining if it will be a viable investment option for me.