So it's really a bad deal for $50 or $100 extra you are risking to loose thousands.Similar with renewals, while we do stick to annual increases, we keep existing leases a little below fair market.

The sq ft price also doesn't matter because a 1500sq ft 3/1 and a 1000sq ft 3/1 will have roughly the same kitchen cost and the extra 500 sq ft is generally the cheapest part of the rehab with paint and flooring 

On a 5% cap building, every extra dollar of NOI equals $20 in value, so you should squeeze out as much as you possible can.

Tell the tenant you will allow them to break the lease at no extra cost to them and be out September 30th.

An extra bedroom can add $20,000 to $50,000 to your home's value, depending on your local market. 

I will also convert the extra 2 kitchens to wetbars/kitchenettes and fully remove 220 plugs for stoves.  

When my mindset changed from having an emergency fund to having an opportunity fund with extra savings or credit lines, it was a breakthrough.  

Have you ever faced difficulty securing private funding?

They come with fantastic insulation between the floors, extra parking on the side with a separate entrance, their own laundry, and plenty of bedrooms up & down.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.