You have to list the home as your primary address with your command, and state tax forms.

Hey Guys,Found a Pinterest post thought it is worth sharing. I particularly agree with #1. (also, don't count your signing bonus as your income.)

Collecting rent can also be a monthly adventure.Now, I will say that monthly profits in poor areas can be much higher, given the rents you can command in relation to the actual price of the property, but in general you’ll likely have to truly work for the income.

Granted, my apartments are in South Dakota, so this market probably commands a greater increase based on the current market. 

I would never rent to someone who is attempting to dictate the price.Also- be careful not to sell yourself short, someone who has lived in the area for 11 years may not be able to appreciate the demand that the community is now commanding...

@Wade Sikkink, if you determined that you can command higher rents without renovation, then why bother beginning the renovation at all?

You wouldn’t command much more rent by adding it either.  

We have newly renovated and non-renovated apartments, which will command different rents.What's the best way to rent this quantity of apartments out?

Parks with well kept homes command higher prices. 3.

I've negotiated some and the last counter was a sale price of $515,000; with 20% down ($103,000), and seller carry financing at 5% interest rate amortized over 30 years with a balloon at 5 years.The potential with the property: the rents are 40% below market, the office space could be turned into residential and command steadier rents at about 30% more - that would cost about $150,000.