On the flip side, I have also heard many investors keeping their property seeing the longer term benefits, while taking a hit monthly to keep it.

Terms would likely look different, though. 

For one, my loan terms aren't as great because I need a commercial mortgage, my insurance premiums are higher each year, I need a lawyer for everything since I'm considered a business.

Hi CJ, I am in Saint Pete and invest as well so I know the market well especially on the long term rental side and house hacking using FHA as that is what me and my husband have done. 

I am looking to put a lease together for a mid-term single family rental in South Philadelphia.If you happen to be an experienced landlord in Philadelphia and have a lease you'd be willing to share and I could use at least as my starting point I'd be super grateful.If not, what things should I make sure are in the lease?

Grow long term wealth.

Here is a link to a Colorado Sun article with a great summary of the "For-cause eviction bill" https://coloradosun.com/2024/04/08/colorado-for-cause-evicti...So, in the future, you might have a harder time discontinuing a lease with a tenant that is "difficult" but otherwise abiding by the terms of the lease agreement if the bill becomes law.

You must know your financial metrics and long-term goals!   

Hi All,  I have a single family home that has been a long term rental I am weighing thoughts of cashing out vs renting it again as tenants vacate end of this month.  

You'll need a clear exit strategy to refinance or sell the property before the loan term ends to avoid penalties.