Here's how I would approach it:- Offer the Renewal to Both: Provide them with the option to renew the lease per Nathan's suggestion.

They will provide you with a list of items, do them.

These markets often have lower competition and can offer higher cash flow potential.Midwest and Southern Markets: States like Ohio, Indiana, Tennessee, and Alabama often have lower property prices and can provide better cash flow opportunities, even with higher interest rates.Value-Add Properties: Focus on properties that need significant renovations or improvements.

Frequently, the numbers provided may be inflated.

They have all been extensively underwritten and they provide the loan servicing for you. 

You've provided evidence of recent appraisals and repair receipts that support a lower valuation.

Our goal with this was to provide a product that exceeded the expectations of what one might think of as typical workforce housing.

Does it provide easy to understand information?

No clue how it takes someone 5k in labor on $300 in materials but you didn't provide enough information 

@Carlos OlivaCash-out Refi:Pros:Fixed interest rate - providing stability in your paymentsLump sum payout - one-time lump sum, which can be beneficial if you have a specific investment or expense in mind.Lower interest rates - compared to HELOCs because they're first mortgagesCons:Closing costs - higher which can eat into your equityResets mortgage term - If you've already paid down a significant portion of principal.