I feel in this market it is difficult to get outsized returns (S&P seems very hot and might be hard to sustain 7%+ returns in long term.. but even if so, I’m risk adverse so would probably keep it my HYSA)I did run the numbers if I were to prepay $60,000 now and it appears the IRRs are lower (because of the higher cost basis).

You may very well have a lawsuit on your hands, which will be very costly and be difficult to enforce too.

Some PM like to make things difficult for the owners bc they want to purchase the property for themselves.PM are the worst...most of them anyway.

Communication has been a major issue, and I'm finding it difficult to get timely updates or clear answers from them.Given these challenges, I am losing faith in their ability to manage the property effectively and am seriously considering switching to a new property manager.Has anyone experienced similar issues?

Not to mention, it's becoming increasely difficult to find people who'll agree to return to the unit to perform repairs due to tenant's behavior.How would you handle this?

Ironically it's much more difficult to buy a quality asset than a cheap duplex, as you are competing with other experienced investors and it may take more time.

@Kim McGrathI highly doubt you will do better than 8% as land is very difficult to get financing for right nowWhat is the property worth?

Can still be difficult to sue though.A decent percentage of the time this can also be due to low-demographic tenants trying to take advantage of ownership change by claiming, "they don't know who to pay rent to".

I have bent over backwards for a particularly difficult tenant and it has not worked out well.

One also does significantly better local so between those two things, dealing with the more difficult landlord laws are worth it.