I know sec 8  always on the short here in CA because people don’t like to rent to Section 8.  

Conventional rate would be higher, but you could potentially lose your PMI. 2) What state are you located in?

Tenants have been there for 7 and 10 years respectively, but rent is is about $350 under market value.

Wasnt planning on raising the rent, but with last minute things now Im deciding to raise the rent.

I am a licensed agent in NY and working on getting licensed in PA.I'm interested in purchasing a rental property with 1 or 2 units, to rent out.Pete

I simply budget 5% of incoming rent for maintenance and 5% for future capital improvements and manage the properties as time goes and as things come up.For example, when a tenant moves out, I will look at the property and determine if any rehab/upgrades make sense at that point.

Would you rent to them again (why/not)?

But surely you can evict if they cause a lot of damage or don’t pay their rent, right? 

In fact, I deposited all the rent to the bank and only paid the mortgage from the account, leaving large amount in balance in checking accounts in about two years.

Do you wrap in into the monthly rent?