Start by formalizing the transition—create a lease agreement and maintain detailed records of rental income and expenses.

It's by far the easiest to manage and maintain.

If you think you can get better returns and maintain the same level of risk, by all means you should increase the interest rate.

In PA, the tenant may waive notices in the lease, so all of our leases have a clause to that effect. 

If building a portfolio is your focus, maintaining leverage while diversifying into appreciating markets can help you scale faster.

As a result, my bill has effectively risen from $500 bi-monthly to $700 monthly since the pipe replacement.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

There is more beyond merely setting it up though involving the operating agreement, separate accounts and books and no co-mingling and many people don't keep that piece maintained too well. 

To thrive in real estate investing, you must maintain a firm grip on your finances.

Even in asia your looking at starter $15 an hour build it then more for maintaining it. 3).