I would try to communicate with your tenant and see if you can perhaps establish a payment plan, they can file for unemployment or seek rental assistance with any local agencies in Indiana.Good luck!

Where do you rank and how many motivated seller leads do you harvest/day... these are metrics that matter.I agree with you that as someone not yet established on the net should not just do SEO... 

Yet looking at major hotel chains like Marriott and Hilton you would never know it: online booking for the month of May 2020 continues to be available and fully usable, with only a small a disclaimer (if any) to check local regulations.

All on the Outer Banks of North Carolina which is a great regional drive to destination with a long established history of short term rentals as tourism is our main income producer for our communities with “relaxed “ STR rules and regulations.

If you buy all cash, you are establishing the value of the home at that price. 

I need to learn what area I should be in and need to talk to someone about financing options to establish my budget.

We have some of the most restrictive regulations around on vacation rentals but done right, I believe there is a huge potential to play to the new rules and win big!

@Don Harris You are referring to undivided interest in an established note you are buying.

Process to establish was pretty painless and only costed $300 all-in in with a desktop appraisal. 

I have established a 5000 emergency fund for each property then reinvested the excess either into additional principal payoff or other property.