Lean more to “over” when you present the lease increase to the renters.

Had to have code enforcement get a court ordered judgement to enter & shut down the abode as uninhabitable. inherited another tenant with a 3 week old new born living in disgusting conditions with a huge weed grow operation in the basement.

It is not money out of my pocket, the interest is deposited into my 401k fund - effectively an increased 401k contribution; just have to pay interest until the loan is fully paid off.

Hi Daniel,All around it's a tough market to do a BRRRR, but a lot of investors are looking at ADUs to increase cash flow or doing short-term rentals.

The best part about Reno / Tahoe Nevada are it's landlord friendly, Real estate taxes don’t reassess on the sale, insurance is low and we continue to have increased in migration, jobs (no state income tax) and our own land constraint issues which prevent the market from getting overbuilt. 

I like the Franklinton area, mostly because I see the potential and feel that rents and home values are only going to increase. 

Walls Remove/treatmildew (per surface) $15.00 Repairholeinwall $55.00 Repaint(perwall/ceiling) $30.00 Doors Replacedoor(inside) $165.00 Replacedoor(outside) $485.00 Electrical Replacelightbulb $3.00 Replacelightfixtureglobe $20.00 Replacelightfixture $65.00 Replaceelectricaloutlet/switch $15.00 Replaceelectricalcoverplate $2.00 Plumbing Replacekitchenfaucet $150.00 Replacebathroomfaucet $105.00 Replacefaucethandle $20.00 Replacefaucetaerator $10.50 Replaceshowerhead $27.00 Replacetoilet $175.00 Replace toilet seat $25.00 Locks Replacekey(doorormailbox) $10.00 Replacecylindricaldoorlock $35.00 Replacedeadboltlock $25.00 WindowsandWindowCoverings Replacewindowpane(sgl) $75.00 Replacewindowpane(dbl) $125.00 Replaceminiblind $20.00 Rescreenwindowscreen $25.00 Replace window screen and frame $50.00 Miscellaneous Replacerefrigeratorshelf $25.00 Replacestove/ovenknob $20.00 Replaceplasticcountertop $275.00 Replacemirror $45.00 Replacemedicinecabinet $75.00 Replacetowelbar $25.00 Replaceshowercurtainrod $25.00 Replace shower curtain & rings $13.00 Replaceshower/tubenclosure $350.00 Replacethermostat $80.00 Replacefireextinguisher $30.00 Removejunkanddebris (per area) $35.00 Replacesmokedetector $15.00 Replacecombodetector/alarm $40.00 Replace alarm battery(perbattery) $2.00 Replace drop ceiling tile $10.00 Replace wireless doorbell $35.00 Actual charges may vary based on condition and/or vendor bill.

The house looks to be in poor condition in the ghetto.

Many people are rushing to legal remedies and that's a bit premature and could only increase your losses.

There may already be, or there may be tomorrow a rent cap of 5% increases.