Quote from @Don Bessette: I have a 30 plus year tenant that can not keep up with maintaining their unit, it is filthy inside and in desperate need of renovation, all systems are in good repair and I respond very quickly when issues are brought to my attention.It is also well below market rent, and they struggle to pay the current rate.Looking for suggestions on how to gently proceed with the notification to move. 

Good luck. 

Its just hard to be good when they're chasing margin and keeping OH costs and personnel costs low.

I do know of a group doing it with reduced leverage (70%) so as long as you are comfortable with that there is a good option with qualifying credit and everything.It would still have to follow general DSCR guidelines for values and amounts, but it's certainly doable.Would love to connect and help if I could.Good luck! 

Appraised at around $2m with a mortgage balance of $1m, so a good amount of equity doing very little for us. - We don't have a HELOC on it. - We run our own architecture firm and are exploring ways to access some of the equity we've built up to reinvest in another project without refinancing and losing our 3.25% rate, if that is even possible?   

It's relatively inexpensive and a good resource for education, forms, legal advice, and more.

Good credit.

Most people are NOT going to demolish a perfectly good mobile home.

Your realtor should be the backbone of your business and be able to help with sending you personalized deal flow, building the rest of your real estate team (PMs, GCs, lenders, etc), showing you the good/bad neighborhoods, developing scope of work and estimating renovations, and so much more!

Good luck!