Originally posted by @Dave Foster:@Robert Seger, You've got a basis in that property whatever it is. 

I'm not trying to insult you but if you make 1/2 the average income of an American employee then I would say you lack the skills, life experience, or capital to take on investing. 

I'm sure you wouldn't buy stock in a company that had declining sales, is losing money and employees are leaving in droves but is in your backyard.

It takes a lot of time to foster these relationships with individual buyers and even then, a lot of them end up being flaky or not able to close.

Certainly sounds like a strategy, though maybe not one that fosters a good working relationship?

Rent increases are a tool, if people are stable and provide benefits (like keeping an eye on the property) then maybe they get a slightly better deal, if I want them out they get the full increases as I am happy if they stay and pay and happy if they leave.I agree with @Corby Goade, do not be the landlord, be a employee of your own management company so you can be the middle person and not get all the stories and push back.

He knew it was a lesson the employee would never forget and would make him much wiser in the future. 

@Carolyn Brown unfortunately the one I use is closed membership to only employees of a certain company.   

She is with Long & Foster and they used to be held just a couple minutes from where I live. 

@Dave Foster can comment on the exchange as far as, llc to personal name.