Do I need to draft a new lease with the tenant, or can I continue with the existing one?

Property values continue to rise, enhancing its investment potential.

Property values continue to rise, enhancing its investment potential.

I owned the property outright in Connecticut, so I actually pulled out at closing once I saw the fees, I just couldn't continue.  

But I'm not sure what that has to do with carrying a large mortgage where you are just breaking even and speculating that property will continue to appreciate.  

@Kevin Orellana do you like the asset; is it in a neighborhood that you are proud to own it, do you see it continuing to be a desirable place to live? 

If you listen to the end of Powell's speech yesterday the most important part was rarely commented on by the media which is when he said, We will continue reducing the balance sheet. translation, They are continuing to let Mortage backed securities and US Treasuries roll off without renewed purchases.

Many states allow landlords to enter the property with appropriate notice (often 24-48 hours) for repairs, even if minors are present, as long as it’s done respectfully and with prior notice.Discuss Lease Terms and Future Considerations: If this continues to be a recurring issue, consider including a clause in future leases addressing tenant responsibilities for cooperation with maintenance and repairs to avoid escalating issues.

If you’re willing to continue to do the bookkeeping yourself, there’s several wonderful options on courses you could take for learning how to do RE bookkeeping.  

Many of our clients in similar positions keep the investment and hire a property manager - that allows them a completely hands off investment, while continuing to build equity.