I have a great tenant, going on Year 4 in a SFH in an Indianapolis suburb. I did a 6% rent increase  ($90) for 2023-2024 and did a less than 2% increase ($30) this renewal 2024-2025. New rent is $1680. The increases a...

@Brendan M Hornung what's the long term goal of this person?

Our goal is to convert it back to a 3-4 unit property for long-term and short-term rentals.As I currently reside in Washington DC, I'm unfamiliar with the local permit processes and requirements.

Considering their LTV is at market or debatably below market (depending on the asset), if the interest rate or loan terms aren't advantageous, I'd also suggest getting quotes from other lenders.Since you are located in upstate NY, I'd look for local banks.

If your goal is financial freedom, choosing the right location is the most important investment decision you will make because it affects all long-term income aspects, including:Whether rents keep pace with inflation is crucial.

Purchase price: $726,000 Cash invested: $1,300,000 Sale price: $4,500,000 We are developing a 4 story a luxury Duplex.Property is primed for short term rentals with conservative estimates of ($40,000-$50,000) per month.

You might want to have a conversation with them to remind them of the lease terms and express your concerns about the hookah smoking in the apartment.

Finalizing terms now and will begin inspection period soon.

Some people define "benefit" only in monetary terms.

My confusion lies around the term "company applicant".