The strategy is to keep the current tenants paying rent as long as possible, because you need this money for cash flow. But you realize that only 20 percent to 30 percent will still be living in the property one year from the day you start. This doesn’t mean you will lose 70 percent to 80 percent of your occupancy; instead, you’ll be trading up your tenants. The old tenant profile will move out, and the new profile will move in.
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p68
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