This guy is a Vet from Nam and I believe, based on what the police clerk told me, that he has been under the radar for a few years intentionally, but went off the deep end several years ago.

Driving for dollars tonight with the intent to knock on some doors.

I just sold a property this year that I purchased in 2008...but that was always the intention of that property - buy and hold. 

I own a few in tertiary markets here in NoVA and I buy with the intent to hold long term, AND they must cash flow the moment I place a tenant.

Previous rental history reports from landlords must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no NSF checks, and no damage to unit or failure to leave the property clean and without damage at time of lease termination.

My intention is never to see if they are qualified to answer my question or not...It's always pretty easy to assess the credibility of answers based on their content and sophistication.

I wouldn't waste any time meeting them in person once escrow closes and being clear and transparent on your intentions and reasons for the rent increase, as well as the new screening qualification - it makes sense if the rent will be higher then their income qualification will need to match that increase.

So the $50 -> $500 “appreciation” (quotes intentional) of the token is where you make any “money” (quotes intentional).

@MIke Hewitt what was your intention in purchasing the property? 

I believe this is a fantastic business policy for others.I personally like compassionate landlords as they make for easy pickings when we seek to purchase properties below market with the intent of adding value through rent increases.