To answer your question yes its enough but in many cases it might be risky.2. location, room to raise rents, occupancy of property, local laws, type of investment are just a few topics that play a huge part. 

Have you thought about telling him to consider getting a temp service job to raise the money.

It is very unlikely that you'll have problems/be investigated for just one instance, but repeatedly doing this will absolutely raise red flags these days.

I got started back in 2021 as an OOS investor born and raised in San Francisco. 

A tax account ensures nothing is accidentally spent elsewhere, and a marketing account makes sure lead generation is always prioritized.From a credit perspective, connecting credit cards to these accounts on autopay helps you manage spending responsibly while playing the credit game.

While on one hand I am happy to get it done quickly, I’m not happy that my request to raise the rent to the correct amount goes unheeded.  

Screening tenants well and then a security deposit or credit card hold process in place will limit liability.

I get a dozen post cards a week! 

Raising rent by a specific percentage isn't a very accurate way of handling this.

However, refinancing too soon after the exchange could raise IRS scrutiny about the exchange's intent, so waiting several months is advisable.This post does not create a CPA-Client relationship.