My guess is the tenant is so attached to their stuff and the apartment they cannot visualize leaving.  

I want to make sure that it is always the overall best option for our tenants to stay: the best quality home for the price - compared to everything else on the market.You can track some of the professionally operated apartment complexes in your area (typically new construction, 200+ units) and you will see that they are adjusting asking rent on a weekly basis depending on market dynamics.

All of these dynamics have led to more multifamily listings, more price drops, and higher ADOM for those LTR Multifamily listings than we've seen in a while. 

Personally, I think adding a bit more visual interest, like artwork, curtains, a bold accent wall, or even a peel-and-stick mural—could really elevate the feel and make the photos pop for guests scrolling through listings.The backyard looks like a nice open space, but it might benefit from a few fun touches.

Visuals help a lot.✅ Comparable Sales (Comps) – At least 3 similar recently sold properties nearby to support your ARV.✅ Experience & Team – Briefly describe your background and who’s on your team (contractor, agent, mentor, etc.).

Market dynamics shift, and new opportunities could emerge depending on rates, inventory, and investor activity—though of course, that's speculative. 

Not sure if this helps you at all, it may just be a matter of understanding more on how the dynamic works between the management company and the housing agency they work with. 

Putting the right structures in place can safeguard your personal assets, limit liability, and provide peace of mind as you scale your investments.To position yourself for long-term success, surround yourself with experienced professionals, especially a tax advisor and asset protection attorney who understand the unique dynamics of real estate investing and your personal goals.

Either they expected change that hasn't yet materialized, or they didn't understand the local dynamics.

no purchase price, theyre  sub2, so theyre assuming mortgage or working out a stop forclosure default payoff whatever with the current owner it can be dynamic with each situation. and costs are roughly 40/50k for the rehab usually not super expensive  all together, can get more expensive depending on situation but rehab usually isnt super expensive,   theyre pulling out 250k because there is always some margin between current mortgage and the ARV.