Considering your options, #1 seems like a practical choice – being transparent with your tenants about the situation and proposing a reasonable rent increase.

Tom Wheelwright’s WealthAbility is a full-on SCAM with shoddy ‘business practices’ that needs to be investigated for consumer fraud!

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

Background:In the Class Action Complaint (linked below) the Judge accused the NAR of fixing prices and states, "For decades, home buyers across America have been unwittingly paying too much for, and receiving too little from, services offered to them by real estate agent members of NAR.Despite agent representations (which NAR permits and encourages) that such services do not cost home buyers anything, home buyers in fact pay a hefty cost for these services—namely,  supracompetitive commissions at levels fixed by the Defendants, which in turn lead to higher home prices paid by buyers...as part of their membership, brokers must also agree to follow NAR’s rules, practices, and guidelines.

I read his book (in both English & Spanish, good practice).  

So my question is, how practical is it to work a 40hr week and still being able to invest in real estate as someone completely new to the business?

The Small Book (The Law) was harder, but since Real Estate Commissions' sole purpose is to protect the public from unsavory brokerage practices, that's what you need to study the most. 

It offers practical advice, diverse market insights, and inspiring stories through interviews with successful investors, in-depth discussions on various investment strategies, and listener coaching calls.

www.costar.com/article/249461865/jury-finds-brokers-conspire...A jury in Kansas City awarded almost $1.8 billion in reimbursements to Missouri home sellers who accused the National Association of Realtors and some residential real estate brokerages of unnecessarily driving up the cost of home sales because of their long-running practice of buyer and seller agents splitting commissions.The more than $1.78 billion awarded by the jury will be trebled, or effectively tripled, so the damages total almost $5.4 billion, pending appeals.

When you answer questions, become helpful, and show you are the authority, you BECOME the authority.When it comes to SEO, lead generation, and all things conversions, I consider myself an expert second to none as do many people across this space.