We're based out of Chaska.

Based on my research, this PM company is highly reputable and provides excellent service.

Several of my investor clients have dealt with similar situations in North Carolina, and here’s my take based on those experiences.First, you’re right about the legal framework: NC landlords must make reasonable efforts to re-rent the property, but tenants remain liable for the rent until a new tenant is found.

 @Deepak Malhotra based on your sales price, I assume this was also sold many years ago.

@Brian Shurtleff, of course, is way off base - not even close.

A Title Company can distribute the proceeds based on the agreement, and consulting a CPA will help calculate tax liabilities and explore strategies like a 1031 exchange to minimize taxes.

Don't put a high list price based on what you want, needs to be based on solds

Class A properties are going to cost you more, have lower cash flow, yet be more attractive to a higher quality tenant base.

Alternatively, consider bridge loans, HELOCs, or post-purchase refinancing to preserve liquidity.

Hi Mike,I'm a Los Angeles area based mortgage broker that can assist.