I manage a 9-unit near the water and it commands $825 for 600sq ft apartments.

The property will command $800-$1,000 per unit (depending on apartment layout, sq ft, if you section 8, etc...). 

Our plan is to use the profits from this year (as there are renters through this year) to make the upgrades and then, hopefully, get the higher rent the area commands!

My monthly payments are at 1,100 and they are paying 600 between the two of them.Currently, I am renting to them at $300/mo for each person where if I was to leave the property and rent it out market value would be at $1,500 per month in my community (and I have the most updated property so I likely could command more).Now to some questions: I would like to start my real estate investing business, specifically becoming a landlord sooner than later.

That will command a rent of $1,800 a month.

This story below also helped me to take action..In 210 BC, a Chinese commander named Xiang Yu led his troops across the Yangtze River to attack the army of the Qin (Ch'in) dynasty.

This development commands top dollar and is always in demand.

It may then pay off for you as you should be able to command a higher rent.

Another thing that's a pain is when you're doing repairs to moulding, door frames, etc, it seems like the plaster loves to start pulling away from the wall everywhere.Professional plasterers are pretty expensive.Early 20th century homes look great, and command a price premium because of their character.

In researching my local market to get a feel for what certain areas would command in rental dollars per bedroom, I put together a simple spreadsheet with addresses, links to the "for rent" website where I found the rental asking price, and then calculated a per bedroom rate, as well as rental dollars per square ft. rate.