@Embert Madison jr  we have taken into account the lack of rent on the one we would live in. 

Originally posted by @Embert Madison jr:Originally posted by @Ola Dantis:Originally posted by @Shashi P.

Originally posted by @Embert Madison jr:Praxis is an awesome group!

@Embert Madison jr  That's a great question.

@Embert Madison jr thank you

Originally posted by @Embert Madison jr:Hey Joe, can you point to any recent closed sales where this strategy worked?

@Embert Madison jr thanks for your reply.

Thank you Embert Madison jr Jason Hsiao and Joe Bertolino y'all have given me great insight, I agree even if I factor in most of the cost, getting through regulations like low income housing, processing and approval delays etc would definitely kill the deal.

@Embert Madison jr Sacramento is the place to be in!

I agree with Embert Madison Jr and that is what I do.I don’t do a pet deposit, instead I wrap it all together in one clean bow, pet fee of $45/month.After my last tenant that had a cat that marked all areas of the carpet in my basement rental unit, I know better than to do a refundable pet deposit.On a separate note, I am glad to learn that you are thinking of renewing your tenant’s lease.I would do more frequent inspections than 5 to 6 years out.There are certain things if left unaddressed will be very costly 5 years down the line.It is a business and frankly I run it as such.I am out to protect my investment and in all honesty if tenants are clean and care for the place then they have nothing to worry about with at the very least, annual inspections.It shows that you as the owner also do care about your property.Thomas S.I like your advice on charging market rents.I too have fallen victim of thinking I need to charge just below market value for my rents, and just yesterday an appraiser (am refinancing my property out of FHA to conventional), advised that my property is so well maintained and upgraded that I should be charging market rents.I will take your advice. :)