When faced with an option to make money the same way the bank does every month without being obligated to 2 am phone complaints about a stopped up toilet or broken air conditioner, it's usually a pretty easy transition. 

Leaky toilet, replace a burner, clogged sink, etc.

Thank you,Assuming the % rent increase is legal in the area you are investing in, raising the rent 500 to 900 dollars will make any tenant run and 100% will piss them off.Not having the ability to take a hit makes me think you might be buying prematurely, rents aside, you must have something reserved in the event something goes wrong i.e pipe bursts, furnace stops working, leaking toilets, etc. 

If so, remember you will have to furnish the place too (pots, pans, dishes, glasses, utensils, towels, sheets, etc.).

Hi all.Lately Zillow s**ks , it totally has gone down the toilet or it's me,   but I doubt it's me.I just did a search for Florida , the entire state. 

Well, my parents did not like the idea of not having a "back up" in case law school didn't pan out.

There are sponsors that consistently produce 10%+ yearly distributions, and or 20%+ IRR without the having to manage the tenants and toilets yourself.Do your due diligence, find the right syndicator for you in the market you think is best and good luck!

Already planning to replace every old toilet in the home to newer low volume/high efficient models.Their rents (two 1-bedrooms, two efficiencies (one definitely is easily converted to one bedroom), one 2-bedroom) are all under rented (currently $710-810/unit: market is $850-950 and higher per rent-o-meter)Big question regarding rent: the tenants did not have rent increased for past 2 years (usually built in $10/yr), and I am planning to increase rent on 7/1/2022 by ~$50/unit (6-7%) after my acquisition on 3/28/2022. 

Tenants have zero incentive to keep the house nice for showings, be available for all showings, answer the phone, flush the toilets, ect.  

One time I was sitting on the toilet with the door wide open - and this bathroom faced the front door.