.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.

No, you can jet and cut even with clay tiles as long as your plumber knows what s/he's doing.

It's a fantastic strategy as long as you still have your HELOC, buy during the last downturn, one of the first things that banks did was to shut down HELOCs.

It is not illegal as long as they aren't hidden and aren't in bedrooms or bathrooms...I have two in the common areas.

There is nothing illegal as long as the property is zoned correctly.

As long as you have a good tenant, it’ll take you maybe 5-10 hours per year to manage.

As long as I have a good lending option such as a low interest LOC, it will still cashflow nicely until rates get better on other loan options.Being the overly analytical type, I just keep looking for what else could go wrong after addressing all the obvious ones that pertain to any deal.

Nothing wrong with that as long as you understand and are ok with it.

It could be quite lucrative and hands free as long as you have the right systems in place. 

Hence, your goal should be staying on the first page as long as possible instead of picking up a few bookings from different places.