There’s no risk and all reward because if somebody can’t provide ID, they’re not going to be able to rent from me anyway.  

Educate yourself, become expert, then make decisions from a place of expertise.  

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

I am happy to have their expertise to continue to count on. 

Your risk vs. reward is way off balance there. 

If he didn't want it or can't afford it, I would have reward him with 60 days time to find another place, then find a new tenant that can pay what it is worth….  

How do you balance the risks of holding during a market dip versus the rewards of appreciation?

Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.

In the end my tenant received a reward for being respectful to my property and I am now have this unit locked until next year with a small dip is gross rev!.

It is an advanced technique that requires expertise and being well funded.Also, once someone has received a notice of foreclosure, it shows on his credit report as a foreclosure and you can Not save his credit by buying the house before the auction.