if it is serious I have a couple of questions for you 1) what is the last syndication that you have seen that did not project a majority of the return from value increase?  

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.

With a few tweaks to the management structure, and with new leadership, I figure we can greatly increase the revenue.

Only reason I've been doing it is to get 0% business credit card limit increases.  

Seacoast has a mix of those, especially in towns with younger populations, think Dover, Newmarket, Somersworth, Sanford, Biddeford.

I will be sure to increase my rice in the future!

The homeowner collects a NET/NET 5% yield with 1% increases each year in long-term lease by a BBB+ credit rated tenant (similar to Morgan Stanley credit).

With increased competition, renters are opting for homes that offer better value, updated features, and overall appeal.Final ThoughtsThis market shift is a wake-up call for investors and property owners in Charlotte.

You can likely do this with your savings rate (that will likely increase) and age.