Payments stay lower, cashflow better and it'll boost your balance sheet not to mention lower risk when things go awry. 

Sometimes the market changes or can't absorb the rents that they want, so they issue concessions to make it appear as if it's performing as intended.

Petersburg for over 30 years, I can attest that the last two big hurricanes caused significant damage, but they were the first in a long time.Condos and townhomes tend to perform well, especially if they're located on the Intracoastal Waterway or within 3-5 miles of the beaches.

Strong performance so far.

It's important to be on this platform, even if it's not performing right now. 

Plus, you’re close to paying it off, and owning it free and clear in a few years would only boost your returns.

Some areas still offer strong appreciation potential along with steady cash flow, and when working with trusted lenders, you can find competitive rates in places like Memphis, Little Rock, and Oklahoma City, which tend to perform well on both fronts.

Do I go about doing this by performing a Quit Claim Deed?

If you can swing it, increasing your down payment to 25% or more might help boost your cash flow and make your investment even more sustainable.Your long-term goal of buying and holding, with a target of 20 properties, is definitely a winning strategy.

Sometimes pulling out equity and reinvesting it elsewhere..maybe in a smaller, more agile asset..can give you the cash flow boost you’re after without giving up a solid property.Improving the property’s current performance by making it more appealing to tenants or tweaking lease structures could give you a nice bump.