Your just risking your home its attached to. Yes

I feel like a kid begging his parents for a new toy.

Then rinse & repeat buying more and more multi fam properties.When you’re 35 or 45 years old you’ll have the boat, big boy toys, the big house, and live a life your friends who went to college won’t be able to comprehend.

They placed several kids in a room alone with a TV, books, games and toys for 8 hours.

Hello beautiful people of BP,I've kinda toyed w/ the idea of 1031ing my current apartments if and only if the market allows me to pull out enough equity after the sale.

I’ve just heard horror stories about renters’ kids flushing toys down the toilet or some nonsense like that.

I would advise that you have them e-sign a document stating that they agree to stay in the property with the rent increasing from X to Y on the specific date.Regarding on the amount of the increase, that will depend on a ton of factors like what is the market rent there, is the current rent well below or above the market, is the tenant good, what is the condition of the property, etc. 

Your new toy example does a good job at teaching these principles.

Not a Fluke BTW Ive Done Several and bought nice toys with the proceeds and my investors LOVE The deal I run As We Are ALL MAking Huge Returns!

Time to play with the new toys!