Just so you are aware, HELOCS (home line of credit) are a lot more competitive than RELOCS (rental line of credit). 

If it is obvious either due to the unit condition, or based on the Tenant history, housekeeping, or whatever that you do NOT want to offer it to them, and the best thing you can do is reno and get new Tenants at full market, then I would tell them they will NOT be renewed, but will have 60 - 90 days to relocate, prorated rent to last day of occupancy, no need for cleaning except all rubbish out and broom cleaned, with full return of SD.

@Jason Warsop I lived in Brooklyn my entire life, until last month when I relocated to Charlotte. 

I must relocate to SoCal Bay Area within next three months, got a OO MF triplex rental in East Coast (NJ near to NYC)that cash flows pretty well, selling can get up to 400k equity .AmI better off managing from CA and scaling rentals in other remote locations or buying a single family in Bay Area for appreciation , having a hard time wrapping my head around ‘appreciation’ mindset as I find it speculative.

If you’re interested, please message me with the following information:1.What asset class (apartment buildings, retail centers, etc.) do you specialize in, if any. 2.How long you’ve been a commercial real estate agent. 3.Where you’re located.

Companies are relocating to Texas from higher cost coastal regions (east/west) reducing their labor costs and the state is very favorable from a business environment as well.  

There are certain exceptions, such as relocation for a job, your family grew too large such that your property can no longer accommodate it, etc., but it must be your bona fide intent to live in the property for at least one year.

If after a year you do, you must pay relocation fees of around $4k. 

You might also consider what other groups you could target: digital nomads, insurance placements, corporate housing, construction companies, academics, relocations.

I only plan to be in this area for a year before I relocate and that next stop would be a house hack.