One of the criteria is that the tenant is able to pay rent and has enough money left over at the end of the month for life's necessities. 

The rest of my team has been put together out of necessity.

It demonstrates the necessity of good planning, estimating and execution so that the project moves quickly and within budget.

When you then raise the rent out of necessity to cover your costs, that increase will be large enough to lose you some tenants pretty quickly.

I collect cash .( scary to most on here) in person for the reasons you mentioned and I try to do it promptly after the first before they spend it on necessities such as Newport’s  old Milwaukee and  lotto tickets !

Price of property - my kids will not be able to purchase a normal home for under $500,000 and that would be a piece of junk out of town with a 1.5 hour commute one way - With jobs paying $20 per hour, they cant qualify for home loans an $80,000 year job is working class poor - Rents for a basic 2 bedroom apt in a ghetto like Anaheim or Garden Grove are $2200 or more - Now add health insurance, taxes, car payments, child care, basic necessities and you're broke. 

This isn't an optional feature for anyone with more than one door... its super basic and definitely a necessity.  

After a few years, you realize that raising rents is a necessity, but by this point you have gone years without doing it.

Quote from @Jeff Nash: @Michael Plaks and @Chris Seveney I completely agree that oftentimes the legal necessities are not followed which renders LLCs or other legal structures ineffective or useless. 

Your best skills can grow exponentially when the basic necessities of life are covered and you don't trade time for money.