Within a few months you should get a good  feel as to what your average occupancy rate will be.  

Change things like interest rates and rent payments if they are not currently agreed upon to get a more comprehensive view. 

For example, if the previous last month's rent was $1,000 and the new rent is $1,100, you would request an additional $100 to cover the increase.Update the Agreement: Ensure that the lease renewal includes a clause that reflects the new last month's rent amount.Refund and Repay:Refund the Previous Deposit: You can return the last month's rent from the previous lease to the tenant.Collect New Last Month's Rent: Then, collect the new last month's rent at the increased rate as part of the lease renewal process.Steps to Take:Review Your Lease Agreement: Check the current lease agreement to see if there are any specific clauses regarding the adjustment of last month's rent upon renewal.Communicate with Your Tenant: Inform your tenant about the rent increase and how it affects the last month's rent.

Take a policy loan against the cash value (5-6% current loan rates) in advance of the auction so cash is on-hand, purchase real estate, execute business plan on home, repay policy loan, and repeat. 

Even if it is not a requirement to have a high credit score for approval most asset-based lenders will use the credit score to determine your rates and terms based on your risk factor.

Most of the time, they make you decide the pre-payment penalty based on a range of interest rates they offer.

Research Neighborhoods: Investigate areas with good schools, low crime rates, and growth potential.3.

I was wondering if buying a long term rental property with tenants already in place in a market that is up 20% yoy is a good investement or not. the rough numbers ive been running seem to have a decent cap rate but the house is about 15k more than the zipcode average. 

They could be carrying credit card debt at a lower rate than other debt that they want to pay down faster.

You can take out an equity line or fixed rate second on your current primary to contribute towards the down payment of the 4plex.