The investor must consider whether the potential property value increase or other benefits outweigh this loss. 

Increased demand for housing, both rental and ownership, can really open up some interesting investment opportunities.

Do you expect it to turn around, and/or is there anything you can do to help increase revenue? 

Detroit also saw a small population increase in 2023, the first uptick in almost 70 years, which is a promising trend.

So we don't allow month-to-month up front but upon renewal, will allow month-to-month but at an increased rate. 

By 'a lot more money' you're referring to the increase in the minimum down payment and higher interest rate yeah? 

Focus on properties that will have a strong rental market and a clear path to increase in value.Overleveraging:Some investors refinance and pull out too much equity, leaving them with little to no cash flow.

Hello @Kenji Tominaga,Agreed with @Chris Seveney regarding having the owner offer cash for keys.Since there aren't many options on the market that can compare to the deal you have in place, I'd recommend waiting it out (if possible).Chances are, the value of the subject property will continue to increase while you wait for the tenant issue to be resolved.

I've just closed on two turnkey deals in Memphis and so far it's been a good experience, so just weighing my next options and I think the BRRRR method will very likely increase my CoC return so just trying to build up some contacts should I decide to go that route as my next experiment. 

I hope this will only increase my amount of knowledge and networking.