Turn the place around, find a new tenant that pays market rate on time, and move on.

The biggest thing you will miss out on is leverage/diversifacation plus mortgage interest deduction but as far as actual benefits outside of the above 1st time home buyer down payment assistance (many of the programs have fine print that often makes less of a good deal than just free money) no not really. 

I'm currently in the Lafayette, La market interested in learning more about analyzing deals with a buy and hold mindset. 

I am aiming to have a portfolio of 2-3 long-term rentals within the Colorado market by 2026.

For specialty programs, these may be required. 

I use Zillow for property marketing and applications.So far that combo has worked on the 6 properties that I self manage.

In my market there are a lot of homes that are between $30k and $75k that could easily be turned into short-term rental investments. 

I rented it long term but the market for Airbnb has gone up.

I understand this can vary by market but this number has served me well.

The brokerage uses this to pay for lots of stuff office supplies, CRM, insurance, marketing, etc..