Review Monthly Cash Flow StatementAt the end of each month, review your income, subtract all expenses, and calculate your net cash flow.Look for trends and identify any changes that could impact cash flow, like an increase in maintenance costs or vacancies.5.

Furthermore, if rents rise in the coming months/years, this too would increase cash flow. 

This is due to the  increase in mortgage rates and house prices.Pros/cons as I see it:Pros: two appreciating assets versus one; as rents rise, we’ll make more net income.cons: less cash flow, double capex, double maintenance.Anyone mind letting me know your thoughts?

We do want to offer flexibility, our goal is to keep the tenants so if increasing only $25 a month the first year keeps them we are open to it. 

Short-term rentals have become an increasingly popular investment strategy for real estate investors to increase wealth and passive income.

One theory is that the investors see population increasing in these areas and are willing to deal with the ridiculous local laws

This deal is a year one, cash on cash return of 23.71% Let's now factor in 5% rental increases, guaranteed by section 8 as well as 3% appreciation year over year.

Detroit is coming up big time, but it's still flying relatively under the radar.Suburbs are getting increasingly expensive while the city is getting stronger and more attractive to move into.

Your budget will need to increase about $100K to get into anything other than a condo, and I do not recommend that.

Have bought, renovated, refinanced and sold rentals in my portfolio.Besides monthly cashflow, you can cashout refi every 5-10 years or when increasing rents support the ability to do so.