So I would encourage you to adjust your expectations starting out and develop the discipline of saving money so that every month your net worth is higher than the month before.

Property owners' and managers' sole recourse for encouraging residents to pay is unavailable.

I highly encourage all my tenants to keep open communication with me about any struggles to pay rent, and generally they do.

I strongly encourage finding a fairly priced, knowledgable accountant you can trust. 

Thanks Johnny for the encouraging post! 

Now i am capped at the rent increases i can provide to encourage them to give notice (one reason it is important to keep rent near market rent) and i no longer have the option to not renew their lease.there is a reason spa very large percentage of economists are anti rent control.

One thing of encouragement is I have many personal friends and clients invested in Western and their values are up almost 300K with larger rent increases as well so I m hoping you have experienced the same results!

Do you have a word of encouragement for the people that are now popping up and saying they bought into it and regret it?

I encourage you to be flexible but still be sure to use sound judgment.

As consecutive Mac Conway Award Winners for Excellence recipients, Montgomery is well positioned through their "Imagine a Greater Montgomery" initiative to re-shape the city vision.