You are best off to raise the rent and give the tenant the option to stay.Also, I hear a lot on here that "rents should be", "the potential rents are"... make sure that you do your due diligence when calculating potential rents because most new owner OVER estimate them.

I was told that I couldn't get a HELOC on my properties due to them being in LLCs.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

@Clinton Davis The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) have been reinstated after a temporary injunction, with initial reports now due by January 13, 2025, for companies formed before January 1, 2024.New entities formed after January 1, 2024, must file within 90 days of creation.

I'm still right side up due to getting a deal and finding a tenant who was willing to pay above market rent, but the point is this is a cash intensive business and little things can quickly add up to a lot of expense. 

Many assumptions were made as to my knowledge, part due to my "rookie status" on the thread and part in that being the first deal being made. 

The customer feature also links to the project feature if you want to make use of that eventually.This structure works great for our clients and their tax pros.

(We lived in that house for years and in other properties we knew this was the case)Disposal: Was newly placed in property before tenant moved in.The fee: $145.We put the fee on the tenant's following month's rent as their responsibility due to resolution provided and plumber's confirmation that the disposal was working fine and structure had no issues.Tenant has disputed the charge, ("other landlords would be appreciative of our notice" "we don't eat a lot" "isn't that what a garbage disposal is for?

I can't speak for the other markets but Toledo is a great place to invest due to the affordability.

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?