It might make more sense to own the property and lease it out to an organization that does it and you could do a percentage lease rather than a flat monthly fee.It isn't for me but I'm more of a passive person.

@Dave Kush  I personally invest in higher end stuff on the Northside of the city so there is less distressed to choose from, but the payoffs are bigger when they hit.

All the consumer knows is what S/he sees on AirBnb or VRBO or (if you have one) your personal website. 

Given my geographic inability to personally manage the properties and long stretches of not having cell or internet service, I'm calculating 3rd party property management into all my deals.

Personally I would serve the 3 day notice and then serve the notice to vacate after she pays.

I'm reading an application that sounds as if my personal assets would back the loan.

We have found - from personal experience - that these courses offer general knowledge that often do not apply to your state or local area. 

In the worst case, I've seen contracts where LPs are made to personally guarantee the loan.

Just to be a good person and have good karma. 

(It does not have to be empty of personal property).