I have just gotten an appraisal on my primary home and am waiting the results although it should come in around 60000-70000 to use as HELOC.

Since we are adding a bathroom into the basement, a permit is needed because the county records have to be updated to match.

I have difficulty understanding any landlord that believes rent increase result in tenants moving.

Accept their notice and start marketing the unit and prepare for quick repairs and fast turnover.....let them go.You didn't screen them or accept them....no deposit (red flag)....below market rent (probably no increases in the 3 years)....and they are giving you their first test to see if you flinch....don't flinch.Yes its a business to make $$, but you also cant run a business out of fear....... the short term "pain" of vacancy can result in a long term benefit .

If you have more specifics we can talk about deals in the areas that you are looking at or that match the parameters you are setting.

That and my subsequent experience as a Real Estate Agent is a foundation for a new initiative, a new result and an outstanding life.

I've tried searching for this information on the Internet, but haven't had much luck since the search results aren't very specific, mainly stating that the definition of a "good" cap rate varies by location.Does anybody know what a "good" cap rate would be for single-family homes in the Pensacola area?

For example, does Buyer 1 also have to match our 30 day close in order to honor the contingency? 

They ended up having to cancel the day as a result.

You will get the results you require when you start operating as a business instead of a friend.