My assumption is that she'll say 30 days is not enough time to find a new place (if she can't promptly pay her under market rent, how will she come up with first and security deposit elsewhere), will not finish paying her May rent and won't pay June either so trying to see if it's best practice to have that eviction filing in process as an incentive for the tenant to move along quickly.As a note to others in a similar situation, what I've read here in the forums that I didn't adhere to was "stick to the lease" and if someone is a consistent problem, they're not going to turn on a dime and get better, you have to protect your investment and part ways when things aren't working.Any insight appreciated.

But almost every realtor who does provides a level of service much lower than a PM because they do not:- Properly document the condition of the property before tenants move in, which hurts the owner on the back end when there are damages.- Market the property as well as a PM company, which increases vacancy periods and costs the owner money.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.

There's zero security if payment is accidentally sent to wrong person.

This way they provide the insurance when rented. 

I try to provide the same experience I’d expect. 

Look at nearby markets like Katy, The Woodlands, Sugar Land etc. where home prices may be lower than central Houston, providing better cash flow potential on rentals. 

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents continued the up trend as expected.

@Kevin Sobilo, Thank you for providing this information.

If you provide specific services (called "substantial services", think hotel) then it’s considered a business and reported on Sch C (this is rare for an STR). 

The new property should have some amount of cash flow, provide additional tax benefits, and appreciate in value while having your bills paid for by the new tenants and the new rent which in my opinion would be a better return on your investment than simply recasting your loan.