Call Michael here every time you have a question...I'm sure he knows a ton about making 10's of millions and is more than happy to answer all your questions for free and take you to the promise land.I'm just over here running a development company (Green Elephant Development), a wholesaling company (Sell Quick For Cash), an education Company (Clever Investor), another education company (100 Million Academy), 2 high level masterminds (Avengers for REI Investors and 100 Million Mastermind Experience for entrepreneurs), and a supplement company (Osnap).I think Bigger Pockets is freaking awesome.  

.$300 below market is $3,600 that you are supplementing him.Tell him you've changed your mind and will not extend his lease because you need market rate.

I will want to investigate other options as well, while I more fully investigate seller financing as a way to supplement retirement and spread taxable gains over years as opposed to one large taxable event.1031 exchanges are very useful while you are accumulating income producing properties in retirement I'm sure that I will not want to be on call to take care of property needs.

In ten years, it will be worth the same as $748 today.The takeaway is that no matter how many properties you own in a city where rents do not outpace inflation, sooner or later you will be forced to get a job to supplement your declining rental income buying power.How do you select the city?

My supplemental taxes list the "land" value as $1,300,000 (73.5%) and the "improvements" as $470,000 (26.5%).

I'm pretty conservative so I'd want to know that I could afford the mortgage comfortably without the supplemental income and then that income would just be extra I could pay down the mortgage with. 

I also supplement my income with Ebay, and my Laundromat, which would also factor into that 10 year plan.

Hey Joseph - Like you, I use TurboTenant, supplemented with other platforms and customized spreadsheets, integrated through some automation and delegation.They're rolling out a more robust maintenance portal which should save you some headaches too.

@Kao Lor There are no regulations in Winston Salem, my wife and I own two MTRs (and we're planning on converting our other LTRs over)- helped my parents purchase, set up and get one going (to supplement their retirement) and my bother-in-law purchased a property and got one going here as well after he saw how well ours are doing.

My SSDI is my only income, and my disability prevents me from working to supplement it.