I don't think it's a great strategy if you are just getting started.If you have the financial stability and experience to take on negative cash flow betting on the high appreciation then I think there isn't a problem with this strategy at all. 

To reiterate, Effective [Date], the monthly rent for your unit will be increased from [Old Rent] to [New Rent].To make this easier, we will throw in free high-speed internet as part of the deal moving forward.If you have any questions or concerns regarding this change, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address].

I bet most realtors would tell you that it adds value too...whether for a sale or rental perspective....And have you heard the new dishwashers?

. :-)I'm willing to bet that the real GCs in Texas are every bit as good as in Cali.

Since the population in these states is relatively small, many lenders avoid them.Face-to-face at local real estate clubs, found through Meetup, are your best bet.

For example, a 10% return (or reward) can be worth the risk if you are investing in a Class A single-family rental in a great market with an A+ tenant, but not worth the risk at all if betting on a 16-seed to make it to the Final Four in March Madness.Investors in mortgage bonds utilize the risk-and-reward framework when allocating how to invest capital.

Your contract better be rock solid and not some 2 page junk construction agreement you find on the internet or from some guru who has never actually completed dozens of construction projects. 

Go to the source and I bet you get the answer quickly. 

@Tip Mallick - a quick internet search and here are a few different links that will give you more or less the same results on landlord friendly states:1. https://www.doorloop.com/blog/landlord-friendly-states2. https://www.fortunebuilders.com/landlord-friendly-states/3. https://www.steadily.com/blog/landlord-friendly-statesGood luck!

Three or more months and have the renters pay for water and electric but offer Internet and yard care.