If not, youre better off moving rent up gradually.

I'm not sure if he means well or just hiding something.The upside: rent increase. value goes up based on rent multiple.The downside: fixed cost to convert (fire stairs in the front), +1kitchen/+1bath, moving water pipes, gas lines, time - can't kick people out and say "hey, im going to cut your apt in half" - need to be done when people mov out gradually, variable expense (heating oil/water bill/repairs), insurance, etc.I need to obviously run the numbers but what are your thoughts?

Columbus OH is a great place where you can get a good return on you investment but as Michael stated; the prices are gradually increasing and we are getting more out of state buyers offering listing price or higher on REO's.

Yeah, I have personal and business accounts with Chase right now but have been gradually pulling my money out from there and depositing it into a local credit union savings account for my down payment.

I've gradually made improvements and raised the rents and have been running them at a 96% vacancy rate.

Depending on who you listen to here, either a gradual slow down or an impending disaster.

A case against eliminating renting is that existing owners unable to continue to rent might be stuck without income and unable to sell and therefore likely fall behind in HOA dues, causing hardship to the HOA. a gradual approach would be the safest to maintain the health of the HOA financials.

After spending time on other tasks, I realized that I would be receiving 12% over the life of the loan, calculated on a diminishing principle.I was thinking "for a $60k investment, a constant interest payment of $430ish isn't ideal" then I realize I am receiving principle back each month so if I am using that constant of interest (rather than amortizing the interest) it would be a poor return at first 8.3%, gradually getting better with each payment.I think I chose a strange way of trying to make the rate of return fit into how I calculate other rates of return.

But gradually deleveraged as he built net worth.

Gradual small increases are essential; not doing so means you will have a big one-time increase, and that is something FAR more likely to cause that long term tenant to leave.