I don't say this to be pro - PM company just because I own one but also because I too am an investor and these were things that I dealt with in the beginning of owning properties that I wish I knew before I was knee deep in the dramas that unfolded.

His retirement would have been crushed by current rental payments.Less landlord drama.

@Tom Chen  you don't need to be accredited to buy individual notes.I personally am keen on performing notes with huge cash equity and no drama.. returns are not quite as high but neither is the drama. 

. :)  too much drama and work for the value of the assets.. as 0ppossed to just buying them when they come up post foreclosure ?

This is going to sound rough but it is not meant that way, I just can't think of a way to word it that doesn't sound harsh.

The cost for a tenant to move from a great landlord and home is significantly higher than the 5% so they will stay and probably say thanks.If the previous year had some drama at the home the tenant wasn't responsible for such as a flooded basement, leaky roof, rodent infestation, noisy neighbors, etc.... you may get some push back on the increase and the excuse they need to move.  

Very little drama to have to deal with. 

THAT was a little rude, harsh, and unecesary!

Your 90 day notice period is kind of harsh -  If you cant re lease your place in less than a month your rent is way too high.

We have made loans, bought rental property, held rental property, bought and sold flips all with very little drama.