The shorter the prepayment term has an impact on increasing the rate.4.

Also, rent typically can be increased every year.

Start small with a multifamily property in areas showing job growth, population increases, or redevelopment potential.

You have to analyze a bunch, so when the right one does pop up you'll be confident in making an offer. 6.

And during inflationary times, our rental rates increase.

Well owners who already had section 8 tenants in place didn't want to spend $5, $10, $15k or more upgraded a unit that has a tenant in place just to maintain the rents they had (or have a slight increase) so a lot of section 8 approved properties stopped taking section 8.Right after COVID though, it seems that section 8 has lowered their standards a bit.

One of my fathers properties taxes nearly increased by $3000 and it was only $3800 before I tried to appeal all of my properties and unfortunately got denied

For sure get hard quotes for the reno and for insurance and property tax increases.

I ended up renovating the home completely and was able to increase rent and secure another 2 year tenant with three garages rented.

Hearing from all of you with experience makes me feel more confident that this is the right way for me to go.Thank you for sharing your knowledge!!!