I think psychologically it'd be better to increase rents rather than make tenants pay water, even if it comes out to the same dollar amount.Good call on the craigslist post.

I literally can't stop thinking about it.I'd definitely agree with what Brandon Turner said: Dealing with tenants is the biggest pain.

I think it is just psychological, though.

I welcome mistakes I can make here or in discussions with fellow investors as they usually save me some money and pain down the road.

This not only might reduce cost, but also reduces family pain of moving, burden on other family and you'll have the luxury of moving in a less hectic manner and over a couple of weekends perhaps. thinking out loud, you could get something under contract, close in 60 days, then have tenants move in 2 weeks or 1 month later depending on how quick you can make things happen.

I've always purchased through personal names, (thus requiring everyone's tax returns, etc - yes, it's a pain) and then moving it into an LLC after. 3.)See #24.)

When they are in alignment it is bliss, when they aren't is extremely painful.

And although I have a Business Degree, I probably learned more about Real Estate in my PSYCHOLOGY class than I did in any BUSINESS class.

She has been there for three years and is never late on payments so I prefer not to give her notice.I was thinking I would offer her a year lease (with a deposit of course) at slightly less rent to ease her pain/fear of committing.

The Series LLC was a non-starter as you have to keep separate bank accounts and accounting, which is just as painful as if they were individual LLC's.