Where is the property in it's life cycle?

But that benevolent cycle, which is about a couple decades old, means that lots of neighborhoods are up and coming after being down and out for decades.  

Stools also might add but decided against because I didn't want it to feel cluttered Garage - I almost added a massive floor rug but was advised to not, as it was just going to get destroyed within months and I didn't want to repeat the cycle of continuously buying rugs. 

Then the time cycles usually come into play. 

If push comes to shove I'm not above offering cash for keys to cycle out a bad tenant and get the unit ready for a good one. 

We were paying 2,000 on the loan every tax cycle for 3 years.

As an LP, I only care about net returns on full cycle deals, because project level can, and often are, bring down project level returns significantly once you take into account GP fees and carried interest2.

We document what we did each cycle and why we did or didn't consistently apply our logic.And, of course, as much as turnover is a pain, it is a great opportunity to bump up to market rate.Different landlords have different philosophies, but this is ours.

Have you raised your rents each renewal cycle to at least kept up with the inflation of your variable costs of taxes and property insurance?  

The only action controlled by the temp setting, is the length of the cooling cycle.