This will only work to encourage the poor tenant to leave if their rent is not already so below market rent that even with maximum rent increase their rent is below market rent.In addition, below market rent could affect the amount you could sell the property for in the event of a need to exit especially if rent controlled.Rent control risk is a big reason to keep rents at near market rent.Good luck

Alex really has to encourage his seller to be informed about his options - which is talking to a QI about a contract sale with a 1031 and go look for replacement property, or do a MLO. 

There are forums that are specific to that, which I encourage you to read and educate yourself on.Running the numbers means you have to determine if a deal makes financial sense or not.

It is so encouraging to hear that it can and does work.

After your first year, you will be out on your own and trying to make a name for yourself in a very saturated field.It's not easy at all nor overnight success but I would encourage you to make a go of it. 

As a million $ producer back when the "dinosaurs roamed" (the eighties), I gave her an insider's view:  it's a "people & relationship" business where consistent hard work earns trust to be successful; we're both good with math and family budgets; and we could do this wisely by using BP and investors we've met at REI, who have encouraged and are willing to mentor us, if necessary. 

Need encouragement and tips how to start my first deal eager and very excited to change my life

Thank you all for your encouraging stories. 

Although, the BRRRR strategy didnt work for this deal, I was encouraged at seeing how your altered plan turned a profit.

But yeah, definitely get a few bids (which, it sounds like you are.)Finally -I'd encourage you to plug the numbers into the BP Rental Property Calc and see how it turns out there.