@Alex SilangFirst I assume it’s a month to month lease as you cannot raise it if it’s a long term leaseFor me that is not something I would do, If you want to raise it to market rent then do it, don’t adjust rent because you had an unexpected cost.What if they turn around and walk?

I've setup an LLC with a separate series for each of my rental properties (2 so far) I would like to set up a separate checking account for each series of the LLC.  

I dont know the market in Las Craces.....but in the DC area, we definitely have a seasonal adjustment on sales, and if the property was here, it would have been listed at the worst possible time. 

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month? 

And always set aside reserves for the unexpected.always look at location, schools and is there an area that is gentrifying where we could take advantage of better appreciation Inspections are paramount.

Working with a CPA can help you navigate tax implications, and staying focused on long-term planning will set you up for success.

I am new to this and have been reading and researching.I have a meeting set up with Praxis Capital.Has anyone invested with Praxis Capital and if so just wondering about your experience.Thank you Louis, did you ever invest with Praxis Capital? 

You can get combo units that are 24" wide and fit under a countertop so they can go right in a kitchen setting. 

Is there a reason why you are set on a traditional duplex? 

Here’s why this can be a great option:You can lock in a lower interest rate on the HELOC since it's based on a primary residence rather than an investment property.You keep your existing home, allowing it to appreciate while your tenants cover the mortgage.You now have two properties working for you—one generating rental income and another as your new primary or next investment.For analyzing rental cash flow, some key numbers to look at include:Expected Rent – Research what similar properties in your area are renting for.Mortgage & HELOC Payment – If you use a HELOC, factor in the monthly cost.Operating Expenses – Taxes, insurance, maintenance, potential property management.Cash Flow – What’s left after expenses and mortgage payments.If you do decide to sell instead, you can also use that equity strategically—whether for a strong down payment on a multi-unit, house hack, or another single-family rental.On the networking side, attorneys and other key professionals can be tough to find in everyday settings, but real estate investor meetups, Facebook groups, and local REI events are gold mines for connecting with them.