Anyone have issues with people showing common decency and ethical business practices?

For our existing tenants, we offer the same value proposition along with a practice of not raising rent {the sole exception being if we make substantial improvements to the property; in which case both the improvement and resulting rent increase would be discussed with the tenant before starting any work}.

Your next primary sounds even worse from a cash flow perspective, but I understand there's more to life than cash flow.From a net worth (longer term perspective), holding on to your practically free 1st house while you continue to build equity, enjoy a low maintenance rental, sounds like a safe way to be a first time landlord.

While this may often be common practice in some states, like Florida as I understand, the fact is that the lender/note holder is still at risk of suit for equities.

What I want to learn from your family is the best practices that current members are doing to be successful, ex. finding properties and/or financing.

And also what are the best practices when doing these.

Best bet would be to participate in a local REIA and find a real estate attorney who is familiar with REI practices to look over your contracts.

So for the last few months, I got a lot of practice in this Fall and Winter so I think I should be ready for the Summer!

I feel like while I understand the investment theory, I know very little on the practical side of ownership.

If anyone were renting to us, they SHOULD be far, far more concerned with the cat.I would MUCH rather allow a tenant one large dog than 2 cats.In practice, I allow both.