@Samuel Diouf This information is much appreciated.

This has been my observation in 45 years in real estate investment.  

Additionally, I would be grateful if I could find a mentor from the forum to guide me on this journey.Thanks in advance! 

Do IRA laws still permit this typed of rollover?

By not increasing rent enough each year you're losing money (this is the truth).If they push back hard or say they're leaving, you can always negotiate and back it off a little.

This is a great place to learn and to connect with people so take advantage of all the great resources.

This was a very very good post and honest.. not one of those, well if you look hard enough you'll find a great deal.. no not in today's market.  

Hey everyone, Im creating a pro forma for the first time and want to make sure im creating this correctly.

If you're talking about building an interior wall to create a bedroom, this could work so long as you aren't significantly reducing living space compared to the competitive rentals. 3 bedrooms with a tiny living area could cause problems.

@Jesse Simmons  I did a similar deal as this in the past.