At that point in time, we can just list the property and sell it. we have long-term capital gains rather than short-term capital gains, we would have probably experienced some appreciation during that time.

We have a niche market due to the hospital and university which has pros and cons but my properties have continued to perform well for me.  

How are you paid and are those distributions underlying property performance based?   

I agree with @Collin Hays especially in a state like NJ that is very one sided in terms of landlord/tenant situations.

Most any major metro area is going to have good demand for medium-term rentals.

Long term intelligence of this move is to be seen. 

Purchase price: $320,000 Currently have a long term renter, the rent pays the mortgage and other expenses but provides no cash flow.

While some reductions might increase short-term costs for investors, a more balanced budget could stabilize inflation and interest rates over time.

No kidding this is as simple as it gets.. just advertise that you accept shorter term leases and riase your price.. we have been doing it in Vegas for years..

In your instance, as the owner of the property you can have a direct non-licensed employee to perform property management.