I think part of it, too, is that these re two grand turn of the twentieth century Victorian properties.

@David Wolfe, everyone likes to tout their home runs, but in reality very few people hit home runs on their first, second, or even twentieth at bat.

A DIY landlord is not going to do a top-quality specialist tradesman's job the first, second, twentieth time, or most likely, ever.

Rent where you want to live and buy for cash flow.Keep in mind your first rental is many more times important than your tenth or twentieth in that you _must_ get it right to keep going.Good luck.

IF you know about it on the front-end you can often bill a premium for this (for example, the property I'm thinking of rents for $650/month or $398 bi-weekly -- good for them good for me).In general it's a good idea to break the rent up in your lease agreement as "$X due on the 1st and $X due on the 15th" and hav a late fee associated with both (i.e. due on the first, late on the 5th then due on the fifteenth and late on the twentieth) to add clarity.Otherwise you could make the full monthly rent Due on the 1st Late on the 20th, but I tend to like the biweekly "due" rhythm for the tenants sake, because it reduces the tendency to have a "really important thing" come up that sucks up the other half of the rent for that month (you know, one of those things that is more important than housing?" 

So by "allowing" an increase up to 15% over local ordinance, this state law would actually protect an increase up to 15% over local ordinance.For example, if a state law "allows" abortion through the twentieth week of pregnancy, the law would actually be protecting that duration from local ordinance.

It does not make any difference in the amount they are paid whether they have you lease to the first tenants that come through or to the twentieth tenants that come through.

"the King added in an offended tone, and everybody laughed, 'Let the jury consider their verdict,' the King said, for about the twentieth time that day.

"By the second half of the twentieth century it was one of the wealthiest counties in the United States, a place profoundly shaped by the concentration of auto industry derived wealth

@Ali: I work at Twentieth Century Fox in the Real Estate Dept.