Tenant who has been in property for 6 months came to us and wants to break his year long lease to move into another house in the same neighborhood.

My primary goal is long term appreciation and I'll accept a property that breaks even on cash flow.

I have one property that I bought last year for $475kCurrent value is $520kInterest rate 6.75%loan amount is $352,000 (I put 25% down when I bought it)Monthly P/I escrow is $2680Rents for $2400im debating putting 100k on the loan and recasting it. this will lower the payment roughly $650 a month and will make it cash flow.

But your goals, timelines, etc are not outlined at all.Common issues I see on these forums: everyone thinks they are getting a little cash flow, but over the long term, they are a) not getting as much as they underwrite and/or b) typically hurting long term value by creating cash flow through deferred maintenance.  

"I made $3000 off rental property A last year if you don't count repairs or capex!" 

And as long as you own that property you'll never pay the tax. 

I think it is fine as long as their belonging are covered under someone's renter's insurance, but would most people request each individual tenant's have their own Renter's Insurance?

They also mentioned to realistically expect my accounts to not run smoothly and orderly until 2025, which I totally understand because of my disorganized bookkeeping the last few years.

Full article link: https://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...After a decade of relative stability in mortgage rates, the last few years have seen unprecedented volatility and changes in mortgage rates.

How long have you been an investor?