Meaning if it's below that you need to increase occupancy, and if it's above that then your rental rates should probably be raised."

You can talk about the benefits of investing passively in real estate and direct people to whatever action you want for them to raise their hand.

Purchase price: $180,000 Cash invested: $43,000 We negotiated a four plex listed for $240k down to $180k, ended up putting 20% down and fixed up a bunch of smaller problems, are currently on our last inherited tenant but otherwise have been able to raise rent.

I have the ability to generate a list of Landlords in my area, Are there template mail letters/post cards that we can use to get started

If you do most of your shopping at Home Depot, make sure you have your Pro account activated and tied into your credit card.

A better method is to be added as an authorized user on a well aged credit card account that has low usage and perfect payment history.

And was planning on getting college kids in there and raise the rent.

I am definitely doing some of my numbers to see where we stand financially and see where we could improve. ( credit card debt, school loans, etc. ) how long after u decided to REI did u you purchase your first home?

I raised the rent this year to reflect rising rental rates in the area.  

Why wouldn't they raise the rent to $10K a month if you are doing a really great business so they can take it over.