If the annual rent gap is bigger than expected, turnover and vacancy costs do a larger reset at renewal and tie it to real upgrades.

And that would be an awesome way to get all of your money out and get out of a problem rental and reset things.

We are witnessing the Great re-set. 

Because we want to liquidate that property in yr7, to "rinse & repeat" via 1031 into another new inventory, resetting capex too 0, thus keeping in this beautiful zone we call "all but maintenance free". 

I'd try to sell while the lease is $1,600 before it resets lower and drives the properly value way down. 

Do property taxes reset upon sale?

If you do refi, make sure the spread between your new payment and the rental’s net cash flow justifies the reset and closing costs, and that you have a clear exit or BRRRR plan.

'What we are currently observing in Nashville is not a rental collapse; rather, it is a market reset,' he explained. https://www.dailymail.co.uk/real-estate/article-15178363/nas...

Sell the note when:You need liquidity for a higher ROI deal (buying discounted notes, rehabs, new projects, etc.).You see borrower or market risk — maybe payments are spotty or property values look shaky.You’re sitting on a big discount spread and can lock in a solid profit now.Selling early can reset your capital faster — even if you give up some long-term income, you get flexibility to reinvest at a higher return or diversify.3.

Basically, we are resetting a lot of clocks to zero again now, so I don't have to deal with it in the future.