This would prevent another brokerage from marketing the property and also protect them from sellers that have found a buyer on their own and are trying to cut out the broker fee (this does happen).

My manager has basically said that we can either go after the money or the eviction and that her inclination is to wait until the end of the month and then if he isn't gone begin proceedings (to avoid legal fees) .Am I looking at this wrong when I think its best to get the ball rolling on the eviction now and stop the bleeding as fast as we can? 

Low fees and solid ACH accessibility. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Sure you can sell the home when you retire but will the proceeds of the sale after taxes and broker fees really net you a profit after a down payment and decades of property taxes, debt service, mortgage interest that you can no longer deduct from your federal taxes, repairs and homeowners insurance?

Eventually the LPs sued the GPs (mostly because of me) and we recovered the principle amounts plus legal fees but it took almost 10 years to get the money back.

However, once I calculate in hard money lender fees, points etc it squeezes the deal down from a home run to a single/double and if something goes wrong a loss. 

The fees to setup are cheap and you don't have to pay interest until you borrow money. 

Next,  you will create another invoice for the rent due because the tenant's check bounced and on that same invoice you will bill the tenant for the bounced check fee that the bank charged you because they made you receive a bill for what they did and therefore they need to pay you back. 

I say that because you already have 15K to put down, if you flip your current and sell if for the suggested price you given, you stand to make a 50-100K in profit (excluding taxes, fees and commissions of course).