I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!

We determined the ARV, estimated our rehab, decided on our required profit, and then negotiated on the purchase price based on that data.

I own a single-family home right outside the USMC Camp Pendleton base, and I’m looking to explore the mid-term rental niche.

Set a reasonable salary for yourself (based on market standards) to ensure a stable income.

Although 2024 was generally considered a seller's market, based on what's going on in the new and the real estate market --- Do you think 2025 will be a buyer's market or continue to be a seller's market?

After owning the property for 1 week and putting in a lot of sweat equity, I've concluded that I want to keep the Inherited tenants based on the condition of their living space and the quality of the people, Knowing I want to keep them to save myself the headache of a  turnover and vacancy of a projected move out If I were to suddenly increase rents. 

Based on the facts as you outlined, no

@Jacques CaspiTo succeed in real estate investing, I’ve found it’s crucial to budget for unexpected expenses, focus on thorough tenant screening, and build strong relationships with contractors.

Focus on building a strong team, using BP tools to analyze markets, and researching local laws.

Success depends on finding properties in less restrictive areas with strong year-round demand and aligning your strategy with local rules.This post does not create a CPA-Client relationship.