After all, you do not want a tenant living in your property who does not want to be there, or cannot financially support the monthly payments.With all of that said, my greatest advice is to get a lease termination agreement in writing.

The $1,550 is the max they'd be willing to go to if that sub-market and neighborhood comps can support $1,550 plus.

Appreciate the support.

This Spring the inspection scheduler "Beverly" retired and the whole program moved to a 3rd party contractor out of California who now handles scheduling (with the expected miscommunication and inability to make quick decisions resulting).I have been a supporter of LMHA and the Section 8 housing choice voucher program here in Toledo, Lucas County, Maumee, Perrysburg, and surrounding areas but the program really is now costing far more than we get out of it.

I can tell you these facts:SFH lots of times do not qualify for max cash out options b/c the rent can'y support the max loan payment.2 - 4 unit houses always have a 1.5+ DSCR and never have a problem affording the max cashout...STR rental structures blow LTR rental structures out of the water. 

We have been considering opening a Real Estate LLC to support with this and possible future investment interests.

I'm the co-host of the Edmonton InvestHER chapter, and love supporting other women in real estate, so let me know if I can help. 

In my experience when buying older houses, there are always something needed to be rent ready.If your ARV can support it, I would look into BRRRRing it and take care of the CapEx items during the process.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

For instance, if you are renting homes at $2,200 per month and decide to raise the rent by 3.99% (bringing it to $2,287.78), the likelihood of tenants moving out is generally low, especially if the market supports that price.Best of luck in your property management journey!