@Caroline Na you should really go over the management contract to see if there is an excemption for the poor service reason you're terminating them for.Otherwise, if you signed the contract, then you have to abide by it.

Unfortunately its suppose to go to the courthouse steps in a couple of weeks and I'm sure there will be a bidding war at that point. 

Hi @Assaf Hazan, nice to meet you.

If you have 4 or more units you are subject to fair housing laws. 

If there is nothing in the lease agreement about early termination penalties, normally you can request that they pay the rent until you find a new tenant, but you have to do your best to get a new tenant in place ASAP. 

Thanks there might be but your going to have to call a lot of lenders to find one that will do this especially today's market. 

Quote from @Rajagopalarao Paidi: Some people already hit the nail on the head..The price is too high for the market, and you need to reduce to meet the market.

I have to think when folks look at the price is just not quite right they move on.. but lets say they write a bid and instead of 200 a night they bid 175.. owner is happy better than vacant and sTR guest is happy they got a deal.. this is a billion dollar idea I think LOL Absolutely.

If agents in a given area always suggest to their clients to list low and start a bidding war, does that not equal ******** when they quote their statistics of the number of deals they accomplished over asking price?

The borrower is still required to bring 3 points and closing costs to closing but NEVER required to wire money before that, EVER.