A better idea would be to sign a new lease agreement at this time, plus or minus an option to purchase.

I can't tell you how much I appreciate this connection/referral as a new investor. 

Hi everyone,I'm new to real estate investing and I'm looking for some advice on where to get started.

I am new to being a landlord.

New well, improved pumps and the 2nd well was just turned on.

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year. 

Hi, I'm local to Indy and am new to real estate.

Appraisers sometimes have issues finding comps in the area that match your new comp because Adus can be so unique. 

If they can't afford it, I focus on finding a replacement tenant and charging the departing tenant with rent up until the new tenant takes over.

If you lose them, you can download new copies.