@Michael RankertSince this is mostly about the financials of the property, your first move is to talk to a lender to help understand all the options.

@Bob Floss II It's a clients they own whole property I can't give out specific rehab financials but will say it was not a cheap build.

Any long distant investing could be a recipe for disaster if you don't have reliable team on the ground. 

Here is his deal breakdown: (airBnB)Purchase Price: $106,500Down Payment: $5,323Mortgage Payment: $671Average Monthly Income: $2,200Cash Flow After Mortgage: $1,529 This post only shared a few of the team members who have taken the necessary steps to achieve financial freedom.

I believe that either you do not have the correct financial information or you are getting a really good deal.

Get financials of tenant and payment history to make a decision.

My fear is the money will get spent if it is all in one general account; I want to do this right so when surprises happen, I am financially prepared.  

I have my clients fill out an Excel financial statement.

But I left the farm and worked in industry, where I earned money from my labor (time --> money) to buy the 2,000 calories a day.I knew that if I saved a portion of my income and invested it in income-producing assets (money --> money), the day would come when the income from those investments would be enough to buy the 2,000 calories a day I need to stay alive (my parents were struggling farmers in what is today the Rust Belt and were always looking for innovative ways to survive financially).

The charges for preparing and posting notice, filing for court date, etc are all part of tenant financial responsibility as per lease.Be fair but firm and treat EVERYONE equally, regardless of stories/excuses they try to provide.