I think a 1031 exchange wouldn't be a bad idea if you're not making much on the property, and are worried about big repairs coming up in the near future. 

Learn property management, analyze rental demand, find high-quality tenants, and budget for renovations and repairs.

Best thing would be to get started hustling for another wholesaler to see if it really is what you think it is.The only way to be a good wholesaler is to build relationships with sellers, know repair costs and ARV, and understand that each seller has a problem to solve and do not need a cash offer.

Set a deadline for your first purchase and mitigate fears by screening tenants, buying for cash flow, and having a repair fund.

First, you would need to subtract allowances for repairs and vacancies (a necessary prediction).

Trying to manage a $1M Airbnb rental while it sounds good you got $6500 in bookings you still have significant costs to operate it with maintenance repairs, utilities etc.

You should negotiate with the landlord that you don't mind taking care of small repair items such as tighten screws, drywall and paint repairs.

The second option is that she go to court, where she will lose, you get a judgment for everything owed including cleaning and repairs, and then you send her to collections where it will prevent her from qualifying for another rental, getting a car loan, etc.

Sparing the fringe cases, most of these properties are literally over 100 years old and setting aside the 10% i mentioned above for repairs has worked well for clients.If you are dealing with a property that is 40 years old, that's pretty much a new build in my book haha.

Hello everyone,I have been given 15 day extension to show an effort to do repairs on a large SFH that now has a unlawful detainer/former tenant who has been found subleasing, damaging the property and preventing contractors from entering.