The logic here is that it’s far more difficult (and costlier) to evict a nonperforming tenant than it is to screen for a good one.Like @Greg Scott said, see if lowering your asking rent increases the number of applications you receive.

Based on the data I was seeing in Airbnb, I can tell that the property was well located because my views and favorites in the Airbnb were significantly higher than the other properties in the areas, especially after the number of reviews increased.

I would then pass that on to you in a rent increase of $100/month more/less.

Allow a pets and I think you will have a great spot.Would adding that extra space/ spending that money be reflected in an appropriate increase in the property value too?

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually when rents are increasing or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

If not feasible, consider increasing rent, reducing purchase price, incorporating future benefits, or targeting multifamily properties.

My thesis was that this would lead to increased investment in the surrounding neighborhood and home values would increase.

.: Hello, I have been seeing increasing opportunities recently to bid on non performing notes on commercial properties that banks are trying to offload.These notes usually have the following characteristics:The note has reached maturity several months ago.

You want to rule out needing a variance unless this is a large property and the change would significantly increase the value of the property and/or rental income.

I will be increasing my savings amount to reflect as well.