The incentive for the developer to increase NOI is the same one you have, a bigger pot to take their percentage from.The final point to consider if your role in this LLC.

The last one I bought had 4 hands in the pot on the HUD-1. 2 $2k's and 2 $1200's.

I took a small hit on rent but I was glad to have the offending roommate gone (bongs, pot, noise citation).

I'm curious if any other landlords have encountered anything like this.Basically, in the new ordinance, if my tenant gets arrested for pot smoking or one of their kids gets cited for underage drinking, I can't be a landlord in town for 3 years?

Short salws also need less work as they are voluntarily being given up.

If you want to voluntarily give your money to someone who either can't support themselves (or is too lazy to do so), that should be up to you.

But worst case scenario, I get foreclosed on because the economy went to pot, so will alot of others and I will be back.

Are they current on rent and moving voluntarily, or are they way behind and will need to be evicted?

You will also quickly find out who all the serious players are and the guys who just have in their hand in the pot in between.

Too many hands in one pot.