I've seen landlords live in blissful ignorance for 5-10 years due to dumb luck, then their world comes crashing down and they lose everything.I have a book, there are some in the BP bookstore, or you can check out one of my personal favorites, Every Landlord's Legal Guide by NOLO.

I don't know a single person affected by tornado in Dallas while we have had them and I have seen the destruction.   

I can see the cost to entry being a positive one but I am looking to weighing all the options and scenarios.

$280k home for $2,500 rent is a personal choice.

And who better than to recruit a person who is already experienced at such, which there is a lot. 

In-person only.Make sure to RSVP today to reserve your spot.When: January 9, 2025 @ 5:45PM - 9:00PMWhere: Heist Brewery and Barrel Arts1030 Woodward AveCharlotte, NC 28205The Cash-Flow Breakfast Club is NOT just a meet up.

Everything I've purchased personally, including a recent 4-unit purchased last month, has been heavily cashflow negative initially and it usually takes a good amount of work to get it to cashflow or break even within a relatively short period of time....6-12 month approximately.

You want this to be your backup plan if things take longer than anticipated, you do not want to dip into personal credit cards so i would use a heloc to help with down payment but try to keep a nice available balance on a heloc as your insurance policy. 

Although the percentage of the increase is large, the determinative factors are whether the resulting rent is so great as to shock the conscience of a reasonable person and was effected for the purpose of compelling the tenant to vacate."

From personal experience, this can motivate them to do a final deep clean before handing over the keys.Finally, for peace of mind, you might consider consulting a local real estate attorney.