As I mentioned in my reply to Hamp, I'm concerned about the state of the market and the price of money, particularly since I don't have a lot of capital to get started.

Like someone else mentioned your post isn't clear on what their current lease status is from your purchase, but assuming they are MTM and you're placing them on an annual lease, I'd just go ahead and terminate.

Never wait till the 9th inning.  

Perhaps wait it out if you can, that profit will only get larger with time.

Can't wait to see you grow.

Whether it's sharing insights, seeking advice, or exploring potential partnerships, I'm here with an open mind and a willingness to learn.If you're involved in any of the mentioned roles, I'd love to connect and hear more about your experiences.

Prior to thinking about a rent reduction, wait two to four weeks, keep an eye on local rental costs, and interest rates.

So that would be as you mentioned - traditional CRE.

It's less than 30 minutes from pretty much any major event in the Phoenix area (20ish to the area you mentioned) and it does very well, especially in the peak season between Jan-April. 

As you mentioned you'd be financing your property with debt, so it's very important to have a clear exit strategy.