At this point Iḿ trying to mitigate as much damage as possible.

If there are any additional mitigating circumstances, feel free to let me know and we can chat more about your options.Also, in the state of Georgia, once the eviction notice is received, the tenant has 7 days to pay the full outstanding balance and notify the court that this has taken place.

The job really is to mitigate risk for the client, make sure all stones have been turned over and there is no proverbial "fuel tank burried in the back yard"..

My goal is to simply mitigate my living expenses, not looking to cash flow right now. 

I do agree STRs might be a bit riskier now that we're looking at a recession, but having multiple strategies like the property also cash flowing with a long term tenant will help mitigate some of those risks.

https://www.marketwatch.com/st...)How is your company mitigating this risk to your cliental?

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

A better way to mitigate risk of STR is to invest in areas with proven track record of supporting vacation rentals. 

They are moving him out breaking the lease and asking for a full refund for the fall semester.