But you get a tenant in under your terms and set it up for success.

What I can tell you, though, is that our clients are getting inundated with direct mail from off-market investors wanting to buy their properties.

Im assuming we arent talking about the 250k exemption scenario. this must be like a move in and flip in under 2 years scenario right?

Not sure how much you put down or invested in remodeling but clearing $900/mo in under a year is nothing to feel bad about!

It is however "IN an area of potential dam inundation"For Flood zone it says the property is "NOT IN a Special Flood Hazard Area.

If we close on this one it'll be 11 units in under 4 years... just been BRRRing.

Do I have all tenants immediately sign new leases and is it ok to raise lot rents right off the bat, even if they recently moved in under the prior owner?

My answer is no for a duplex (or anything 4 units and under), and here's why:Having a solid, clean, long-term tenant in smaller properties is actually worth more to you than the potential $100/mo extra rent you may or may not be able to get because of the vacancy and unit turning  (in larger buildings 24+ units, vacancy and turning units is just an inevitability that is built into the underwriting, but in quads and smaller, vacancy and unit turning can blow up all your profits)In the 7 years that she has lived there, there could have been instead new tenants moving in every year, likely driving ~1mo of vacancy every time new tenants came on board (need to time turn the unit, get the new tenant in order, etc...many people think they can do all this in under a month but it's just not true)...so that's 7yrs*$700 vacancy=$4900The less clean tenants who would have taken her place would have driven ~$800 unit turns each time they moved out (unless you do all the painting and cleaning and all that garbage yourself)...so that's 7yrs*$800 per turn=$5600So in her time there, there could have been $10,500 in rent lost to vacancy+the cost to turn the unit, as opposed to $8,400 potential additional rent  (and you will have had a lot less headaches too if you keep the good clean tenant instead of chasing higher rents)Just my 2 cents.

Go to the FactFinder at https://factfinder.census.gov/faces/nav/jsf/pages/...Enter the city/county name or zip code you're interested in; under the 'Housing' tab there are several tables that include statistics on the number of rental homes, average size, estimated average monthly rent costs, etc.

If you need to run to the supply house to get something, its about 2 hrs round trip vs down south I can get anything in under 1hr time and we can have supply houses ship for free.