This could point either at the beginning of a prolonged, slow downturn or could just be part of the ongoing normalization trend playing out across the industry.

@Marcos Falcao we had 10+ years where rent was rising, combined with low interest rates, then inflation zoomed, covid, etc which helped prolong the top of the cycle pushing rents up even higher.

Do I...Secure private financing, own the house outright, place it under management and use that with other units to get a cash-out refi, or Finish out the contract with great terms but deal with an unreliable tenant that's continuing to cost me money monthly and prolong the process of management until the summer.Thank you for your time and insight.

Rather than pursue any prolonged legal action, my thought was to walk away before matters get worse.

Pointing out what they've done, over explaining  yourself and attempting to come across as doing them a favor before flat out doing what's necessary, is just prolonging the inevitable.Take your heart out of it. 

I think flushing water heaters is less important to prolonging water heaters than replacing the anode rod neither of which I really do but maybe I should. 

If you are underwriting this deal without these in mind, you are walking a dangerous path, as one major repair may cause your calculations to spiral.(3) Unpredictable Future Who's to say this renter stays here for a prolonged period?

@Chris Barczewski you'd really have to use each of them for a prolonged time to get a real gauge.

It's like people assume because you bought a ton of real estate you're making tons of money.Often, newbies don't understand that prolonged vacancies, expenses, repairs, supplies, etc. all drag heavily on cash flow and turn 100 units from a blessing to a curse quickly.Quick example: I could add on 100 units in 2020 if I don't care about cash flow or I too optimistically figure my actual expenses. 

Also, it generally takes very prolonged exposure to typically cause issues.