There's very little growth, if any, in the supply of workers and at the same time demand for workers has also come down quite sharply and to the point where we see what I've called a curious balance (Powell).”Fair points.

When they NEEDED to get out, they tend to give somewhat of a discount to the balance owed.

The city I am in is attempting to achieve 300+ new units in the next 3 years and offering quite a few incentives.

That keeps our checks and balances and forecasting smoother. 

My PM says once the property is re-leased, they will send the evicted tenant's outstanding balance to a collection agency, but the chances of getting that money back seem slim.What have other landlord's / PM's done to get some of their money back after an eviction?

It was, however, interest only at 2.9% for the first 12 months, I had significant cash reserves, the property that the HELOC was against was worth about 2x the first position HELOC balance, and I owned another property on the same street as the new purchase (very familiar with the location and property).

Hello @Jonathan Weinberger,The bigger issue with investing in any city where rents don’t outpace inflation is that you can’t achieve lasting financial independence.

If you have a good year you can always pay more towards your balance.

After so many years of going unnoticed and dealing with difficult customers, my work is finally being recognized by good people and that feels like an achievement. 

You must refund the deposit (or balance with an itemized deduction list) within 30 days of the tenant vacating and providing a written forwarding address.