Hi Randall-Congratulations on buying a rental property well back in 2020.I am sorry to hear the property is now cashflow negative $200 a month.Your question is should you sell or continue to keep it with the negative cashflow.Depends on your personal goals and if being negative $200 a month plus any unexpected repairs or vacancies is affordable to you, but if you can solve the negative cashflow by turning the property into a furnished mid-term rental, for example, your future self may thank you.To Your Success!

The redevelopment also includes 250,000 square feet of retail, park areas, and a transit hub, which will make homes near the redevelopment highly desirable for future buyers.

Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..

When I was a kid my dad hauled me around with him for years doing his RE sales calls and meetings with his RE attorney.

I did the NC property out of state and was not happy about the returns so future ones will be in my backyard only.  

At the same time, serving notice seems like the right move for your peace of mind and future plans. 

But, I didn’t write this to tell you that you can’t achieve your goals without a mentor, because you absolutely can.

Then the tenant will rant a bunch of nonsense, have no evidence to back up his stories, and the judge will find in your favor based on the evidence provided by you.For future tenants, I highly recommend you read a book like mine or "Every Landlord's Legal Guide" by NOLO.

I am licensed in FL by division of hotels & restaurants and also a licensed RE broker so me holding funds in escrow is not an issue. 

Minus re-zoning expenses- Any advise for this transition into low income/transitional housing?