They are sure to move on at the end of their lease term. 

. - will it influence property taxes once we move to conventional loan in 3 yrs? 

Way too many moving parts to predict it and the bull is in the China shop right now breaking things. 

So far, Board hasn’t spent the funds from 2023, but they also didn’t move funds back to Reserves after it was pointed out at the annual meeting that the funds are in the wrong place. 

Of course, if we have another available unit that's similar to the one they were looking at, I'll pivot to that and offer to move their current application over to that unit as long as they would still qualify under whatever the new unit's rent is. 

That absolutely eats any potential cash flow.. we moved here because of cheap property taxes and turns out it’s not so cheap after all if you’re an investor lol.

Or, you could move out and leave this first purchase as a rental and buy another.

Typically when people graduate they look for a job and move to the area of the job.

Is the layout still good or are you moving lots of walls? 

In the second you have two tenants with 3600/mo rents and lower costs, if one moves you still have 50% revenue coming in diversified across two properties.