In this market, appraisals have been coming in pretty low (relative to the market), but in general. 

If so, how did you manage it?

I do sometimes wonder if I may be too naive to invest in real estate because of things like this.You will definitely have to hire a Property Manager because of your inexperience.

I’ll have our property manager’s contractor handle this (or do you think I’m better off hiring a plumber?)

At Partner Driven, we provide comprehensive support, including funding, strategic guidance, and project management.

These tools streamline your analysis and improve your due diligence.Finally, build relationships with sellers, property managers, and agents.

Typically, in this situation, I advise my property management clients (in Florida) to terminate the month-to-month tenancy of a tenant who is causing problems like this and to place a better tenant in the unit.As for the tenant who is requesting to get out of their lease, of course, you do not have to release them from a lease term on that basis, but look to your lease and state laws regarding their ability to terminate the lease (whether a lease term or month-to-month).

The owner of the property is a relative, who purchased the property (condo in Miami) for $200K in 2014. 

There are also many evolving topics especially those related to laws as they change over time.

Investor-friendly broker/property manager here in Clarksville, TN 👋🏻 Nice to meet you!