I assume you got a better interest rate, and I know you are saving a boatload of interest. 3) imagine year 11-30 where you are cash flowing thousands with paid off properties instead of hundreds because of these lean 10 years. 4) hopefully you can raise rents at least $100 each every year and in 2 years your cash flow neutral even with preferred short term mortgage. 

And it doesn't seem to spoil the charm for couples on a romantic getaway.We've been able to raise the nightly rate 2-3x with better occupancy. 

Heck, maybe I’ll give the property manager (me) a 100% raise and an all expenses paid vacation 6 times a year.

Individuals are purchasing these properties, rehabbing them, and raising rents.

As a reminder anyone can open a new LLC or company under another name and start to raise money for that fund.

One of their so called instructors from one of the training sessions asks the students to go to the five star hotels, or go play golf, or go horse riding, or go hang out at the high end night clubs for the sake of fund raising.

How do you think the 2 relatives will feel about having their rent raised or being required to pay rent period?

The fund raised $200 million in short order with few sources of deal flow 5.

I think it would be awkward if you raise the rent after a year, might cause conflict between you two. 

The previous owner took exceedingly good care of the building and there was nothing that need to be done except to raise the rents.