To start with trying to get the tenants our, your first mistake was hiring an attorney that probably intimidated them and you caused them to build a wall that reduced your ability to communicate in any compassionate manner when you know they are elderly and have a family member they care for.COVID has caused everyone on this planet a huge amount of stress and now you want to add more stress by upending your tenants' lives.

Depending on how large of a mortgage you carry, its still possible (but getting much harder) to recoup your entire annual carrying costs with a four month rental (usually January - April).... thereby reducing your management stress and wear and tear. 

Refi'ing during the BRRRRR process can be very stressful if you haven't thought it out ahead of time.

Also, it can put a lot of stress on you.

Not only do they make more money, their time is free, they don't have to stress about anything, their properties are better maintained, and their tenants are happier.You should consider starting a thread to explain your experience so others can learn from the mistakes you made or the red flags that could have stopped you from hiring a bad PM.

I have no regrets and low stress knowing I will at bare minimum break even with that $500 per month cushion from the original numbers.

If you can make that work in your lifestyle, it's the best wealth building tool you'll ever have.And a big part of why I stress the real estate group is that there are people who want to lend their money to people like you.

I learn fast, but I really can’t take on a lot of added stresses at the moment but I need to put this capital to work.

I learn fast, but I really can’t take on a lot of added stresses at the moment but I need to put this capital to work.

I learn fast, but I really can’t take on a lot of added stresses at the moment but I need to put this capital to work.