Hello BP Community, I just purchased an 8-plex in the McAllen Tx area and wanted your thoughts on how you manage it. 

Hi Everyone, My name is Victor Baldwin, as you can tell from the title I'm new to the BiggerPockets community! 

I look forward to hearing from the community.

As matter of practice, how much notice do landlords in the BP community give their tenants of a rent increase?

welcome to the community

I am curious to hear the comments from the local real estate community too.

The answer to your cost problem, can be found in the application of the above list. 

Hello Bigger Pockets community!

North of town, west of I-5: 95219 Brookside (high end gated communities; Mello Roos school taxes - so high taxes; Lincoln School District; some peat dirt problems on streets; don't know about foundations); Spanos Park West (some gated; lots of huge houses; basically built for commuters just west of I-5; Lodi School District) North of town, east of I-5: 95209 Spanos Park East, Colonial Heights (most Lodi Unified Schools; though small pocket of Lincoln Unified) North of town, east of I-5: 95207 Parkwoods and Lincoln Village (Lincoln Unified Schools; was considered best family area due to Lincoln Schools, but lots of flat tops and built since the 1950s so electrical can be kind of minimal - 1 outlet in kitchen instead of enough to use multiple appliances); lot of remodeling in this area.

My approach is to look seriously at demographics, how the local economy is doing, the occupancy rate for apartments in the area, true average rents and if this project will support the added value (with a planned community it probably would).