If the building is in fantastic condition and no big cap ex items are nearing the end of their 'expected functional life' this could be accurate. 

a thought....you might be able to work with an investor who will buy the properties from you in a controlled closing so you can time it with the acquisition of you new property....likely cost you some equity though

I would sub2 it to gain control ..keep the existing loan in place ,give her some walking money then once she’s out of the way ..I’d lease option the house to a good tenant and let the next person go over budget rehabbing your asset ! 

(insert throw pens, remote controls, your computer mouse at this forum post) If I haven't lost you from my absolute lack of common sense and lack of following my OWN Processes, read on as to why this was the nail in my coffin with this tenant.....A little back story- he called me up at the beginning of the month with "the story".

@Haydn Zeis this is fantastic.

@Marc Brenner Fantastic Realtor and a genuinely nice guy! 

I work in pest control so i would take care of that as well.

I have a solid connection to a fantastic team in Fayetteville, and a friend/mentor who knows the market very well.

The owner did a fantastic job on rehabbing and maintaining the property.

Our best deals have been the ones where we get the property for a fantastic purchase price and our value add is pretty simple and straight forward.