Current tenants have never had rent raised.Leases:Unit 3: One year; expires August 31, 2017Unit 4: (did not scan; at home; will send this evening; pretty sure 1 yr lease ending summer/fall 2017.)Unit 5: 6 month, expires June 30, 2017 (just renewed)Unit 6: 6 month; expires May 31, 2017All rented.Asking price $135K2016 (est) Repairs: $1,100Improvements: $1500Rental income: $18,000Annual recurring expensesWater $840Trash $912Snow/Lawn $750Property Tax $2,700Insurance $2,100Rent (@ 100% occupancy)Units 1 and 2: $12,360($515*12)*2Units 3 and 4: $12,600($525*12)*2Total rental income at 100%: $24,960Improvements to units 3 and 4Roof 4 yrs oldNew toiletsHot water heaters 4 yrs oldFoundation drain installed both units 3 yrs ago; warrantied for life; transferableNew rugs; walls paintedImprovements to units 2Foundation drain installed unit 3 summer 2016; warrantied for life; transferableNew carpets and paintImprovements to units 1 and 2New roof scheduled for mid-January.I would appreciate any thoughts.Bill

@Jennifer MacDonaldDoing another pressure test will help ease your anxiety. 

Dominic, I would door knock a handful of the owners in the area, and simply ask them what would be relevant to their lives on a recurring letter.

Having those reserves lessened anxiety and got me the "permission" I needed. 

If each reants for $1,000 per month, that's $46,000 PER MONTH (minus the capex and taxes, but would seem to be a great source of recurring cash flow....FOREVER).Or am I missing something? 

Our corporate setup is somewhat different than most REI LP or LLC and is more like a Tech Start-up which is heavily scaled to dividends, stock options and long-term recurring revenue.

Hey guys - Would love any insight from this group on what I imagine to be a reasonably recurring problem.I got into the buy and hold game with the money from selling my last company, and over the course of a year and half, have bought up 6 units.

The recurring theme is bad credit.

You gotta read "Invest in Debt" by Jimmy Napier, $20.00"Performance Anxiety" by Gordon Moss, dont remember how much.Get a HP 10Bii calculator.

If this is a recurring issue, you should reach out to the HOA and find out if there is anything you can do to help alleviate the problem and talk to the tenant.