Looking at this mathematically, if you assume a 50% non-renewal rate (industry standard) and use the low end of the range of $5,000 per non-renewal, there is a loss of $50,000 per year on a 20 unit property.

That will change in 2H25 in a lot of markets.Expenses:  Leveling off and must be accepted as the new normal. 

They need to transfer the tenants' deposit to you (or your new PM) and let the tenants know that there is a change in management. 

I charge a completive market rate while providing a really good service. 

HELOCs are interest only hence on that $200K, it was a monthly interest rate of $1,200.

Especially combined with the high interest rates right now. 

This will be costly in today's market and interest rates, but might be worth a shot if they can afford to stay.If they don't want to stay and you want the the townhome to rent to someone else and just want to assume the loan, well then she can call the lender and see if the loan is assumable. 

This could be your last opportunity to join at this special rate—don’t miss out and kick off 2025 the right way!

With that being said, and to be transparent, I have had a harder time finding investing partners on the last property I bought in La Fortuna which I think is related to the change in the economy.  

Changing jobs!