If they move without a hassle that’s a win, otherwise this tenant could milk you for 6 months in free rent. 

You might want to try Milk St Capital in Portland.

I've starting using profits from other units to accelerate paydown with the plan to recycle into a new deal when another good opp comes up. 

Here's an overview of the situation but ask more clarifying questions if that helps:Decent W2 income and clearing ~$3.5k after expenses every monthDecent funds available (currently all deployed in private lending) - $175k$30K in 1031 funds; clock just startedLong distance investor - based outside of NYC5 doors (duplex and 2 SFR in KC, 1 SFR in TX) - all purchased in the last year so not a lot of equity available to tap intoMostly turnkey/MLS/retail buyer so farNot a lot of time (baby #2 due in a month plus full time job plus side hustle consulting)I have 3 paths in mind but feel free to offer others:Start finding BRRRR opportunities and recycle the cash but slower acquisitionContinue buying rent-ready propertiesContinue saving up and go after ~$1M MFWould love to hear the groups ideas/considerations.Thanks in advance.

You're already in contract with no financing contingencies so it might be spilt milk but you should speak to your attorney about any ways to get out.

This is town-to-town, so maybe you'll get lucky.That being said, if you want to get a HELOC or refi, the bank will insist on an assessment.I lean towards HELOCs for a few reasons:Easier and cheaper to close (very low fees)Can get 80%+ LTVDon't start paying interest until you actually use the money, unlike a refiYes, the interest rate will be higher than a refi, but if you apply the money to BRRRR a property, you can pay back the HELOC when you refi the BRRRR, stop paying interest on the HELOC, and recycle the cash for the next deal.

Right now, recycling is not economically viable as there are nowhere near enough degraded panels to offset the cost of recycling.

That way if/when you make any changes, you know what the tenants are used to and what you'll need to communicate to them.We have a 4-unit, and the tenants are responsible for taking out the garbage and recycle bins. 

It comes down to time and money, but not only that, do you have the resources to find a good team for acquisitions, rehabs, and property management including enough margin/equity upfront to be able to BRRRR and recycle your cash.A good turnkey provider will rehab a property so that there is no significant deferred maintenance (CapEx items and refresh cosmetically).

Are people drinking water because they cannot afford milk?