We are in strange times so landlords have the upper hand but if the market has a correction and people can't get loans the rental market will be inundated with flippers, builders all become accidental landlords.

NOLO press has some really great books on landlord law for a lot of different states.

And we too would have a hard time asking for a $500 rent increase as we would be hard-pressed to determine how anyone could afford such an increase.  

Investment Info:
Single-family residence fix & flip investment in Webster Groves.

Purchase price: $305,000

Cash invested: $30,000

Sale price: $378,000

3 bed 1.5 bath 1932 Cape Cod

What ...

My sister in law pressed a 3 flat in cook county a year ago and the owner said all tenants paid on time and in full.

I know i need to start looking more into tax strategies.I understand that save/buy is a (relatively) slow  way to expand.. but i'm also not looking for a "Boom"I'd be hard-pressed to refi... i've decent  rates and for now i'm looking at cashflow until i'm not dependant on my W2 job ( i think  that at 7 units i could "get by"..barely) then i can  move towards being more concerned on long term wealth/retirement/equityThe rentals have their own business account that i do not dip into** I do not pay myself rent, BUT the business account does pay my personal gas/electric.from my W2 earnings i spend about $1300/mo on everything ( from car insurance to eating out), rest is savedany new downpayments are a mix of business account and savingsWith the 5 total units ( 4 rented; 1 personal use)  I "Cashflow" about  $1K/mobut that number does not account for any CapEx.What might you change/suggest about my strategy?

I know I can't say anything about the pig but I also know they'll keep pressing me for a reason why. 

Purchase price: $160,770 Cash invested: $68,000 Sale price: $301,000 This was my first deal that I accidentally fell into.

Where the leak occured and that it was sudden and accidental will be important to the claim.  

There were some repairs and improvements that needed to be done, but were not pressing issues.