But to give you a general answer, it's using "regular" income for down payments and then "reloading" for the subsequent downpayment.

This will give her the benefit of a regular monthly check coming in for principal and interest on the note, so she'll still have cash flow, but she'll lower her capital gains exposure.  

Ideally you should ask what you want long term...If you think the tenant can meet your needs as a landlord while you meet your responsibilities to them then solve today's problem and set clear expectations along with regular follow ups going forward..

If they really wash and you can help them buy their yacht, maybe they will offer you a great prop with good cash flowGreat to have this forum and great members willing to offer advice.

Thank you everyone for your valuable comments.Adding one fact here: The client doesn't want his name on any of the purchasing contracts.Any idea on what share should I be taking of the profits other than my regular commission as a Realtor?

I've had an attorney and a CPA tell me I should change my house flipping LLC regularly.

Do you always get a regular inspection on your properties before you close??

You needed neoprene gloves to protect your hands (or wash up good without 'em!)

I noted in the beginning of the post that the property is in what I perceive to be a great area to keep it rented regularly. 

(simply elect to not renew with a notice period you specify)2) collect rent on a more regular basis...I find that a lot of folks have difficulty budgeting for an entire month, so I collect rent via direct deposit every two weeks...3) as a last resort to avoid costly turnover, reduce rent to a figure that she can meet that still alows you to cover expenses...once she demonstrates ability to say...pay $950 for two months, raise rent to $1,000 a month for a couple months...then go back to full rent...It would also make sense to verify if she has had a change in financial circumstances and can no longer afford the rent...if that's the case, it doesn't matter what you do...she will continue to fall further behind on payments