Duplex- Month to month by bedroom.

[Neil Hauger]

Here is the situation. I’m looking at buying a duplex. Currently under rented for the market by an easy $500/ mo. I can get it to cash flow really well if I were to rent one side by the bedroom. $700/ bedroom ($1400) . Month to month is my plan. The other side has a mom and two kids. My kind heart doesn’t want to put her out in winter. I’d rent to her for $900/mo. 12 mo lease. Which is still a great deal. Eventually I can get this unit to $1200/mo with upgrades. My wife says I can’t do that. I’d be discriminating as she gets two bedrooms for $900. The other side has to pay $1400 for the same place. My answer is “so what?” They don’t have a yearly lease. They pay monthly. Is my argument fair? Is there rent police going to jump on me?