Whenever there is a tangible benefit to you.

Also the numbers on Elizabeth properties are typically horrible if you're buying retail + you have to be careful running you numbers if the property is less than 10 years old as the taxes may be abated and will soon adjust upwards considerably

Would you proceed with a non-renewal, adjust the lease terms, or consider another strategy?

Do you think inventory will open up due to sellers offloading their properties because of their rate adjusting to the present day 7%?

I have a financial freedom number but I could certainly benefit from defining my financial goals leading to that number. 

Try to bake in closing costs—either by negotiating seller credits or adjusting the purchase price.

Louis, MOUndervalued neighborhoodsGood rent stability and section 8 options📈 Best Appreciation + Growth MarketsThese have seen rising home values and job migration, ideal for long-term upside.Charlotte, NCRapid growth, banking/tech hubLow vacancy and increasing rentsTampa, FLStrong in-migration, no income taxAirbnb and long-term optionsPhoenix, AZMassive growth during COVID migrationTight inventory, rising rentsNashville, TNBooming job market and rising populationStill has mid-tier housing pricesRaleigh-Durham, NCTech corridor, research & educationHigh tenant quality and low delinquency🧱 Emerging / Hybrid MarketsGood mix of appreciation, rent growth, and cash flow.Little Rock, ARAffordable SFR stockGood rent yields, growing investor interestColumbia, SCStable government employment baseHigh rent-to-value ratioHuntsville, ALRocket/military economyExcellent long-term growth and landlord lawsKansas City, MOBalanced market with investor toolsJob growth and diverse economyJacksonville, FLPort city, military, healthcare hubHigh SFR demand and tax benefits🚨 Caution Zones (Often Overheated or Low ROI)Austin, TXLos Angeles, CASan Francisco Bay AreaSeattle, WANew York CityThese cities may have strong appreciation but generally low rental yields, high taxes, or tenant-unfriendly laws.Anyone else using AI in their real estate business????  

The BRRRR is still alive, just have to adjust. 

Ask your CPA to do this analysis for max retirement and QBI benefit.

(FWIW, if this is your first major insurance claim, consider hiring a public adjuster.)Usually in a situation where the property is unsuitable for living due to a loss, most leases automatically terminate.