We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?

Are in any business affiliation with Dustin Ruhl? 

Quote from @Gregory Wilson: A few things there, Brendan.First, an LLC with you as a member and your (wife, son, pal, etc.) partner as a 1% member will file a Form 1065 which is about one tenth as likely to be audited by the IRS as a Form 1040 with a Schedule E rental activity (which I presume you will attempt to show is an active business).Second, you want an LLC because when your local Alabama handyman drives his girlfriend's uninsured truck into a van load of U of A medical school interns on I-22 when he goes  to get some shingles for your roof, on your business, you don't lose everything you have or ever will have to an uninsured claim. 

Hi Matthew, Congratulations for being in this business for 35 years. 

This attempt to drum up business should be in the classifieds section.

Or like many small in businesses you raise cash from friends family and anyone else that knows loves and trusts you.The other thing I suggest is to make that $27,000 or $37000, or $50000 yourself over the next year. 

DC Investment Property:First read your bylaws and see if there are rental restrictions.Note, in DC you need to apply for and have a business license to rent property.

These associations often provide networking opportunities, legal guidance, and best practices to enhance your rental business.

Operating within California means you’ll need to register any LLC conducting business in the state, regardless of where it’s formed.

Ithaca, 10.8% YoY housing prices increase.