I usually give them 3 choices (although I have never inherited a tenantFor example1) $100 increase for 12 months2) $50 increase 24 months'3) $300 increase for month to monthAlong with a reminder that if they don't renew their lease they need to give notice.

Podcasts are particularly popular. 

@Cameron Vigil I think this answer is entirely subjective and it seems that you have made your choice when you say that you feel it's a better fit for your personality to pay everything off before jumping into more debt of any kind.

Your choice to remodel or not will depend on what your target market and what your competition is doing. 

Although several people touted the S Minneapolis triplex as I good choice for an owner occupant, it seems that investors are raising the prices. 

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@David Tankersley Mira Mesa is a popular area and we have done a few flips in the neighborhood over the years.

With the rise of popularity and credibility of AirBnB, Homeaway and Flipkey, this market is surging. 

A real estate lawyer is probably not the best choice.  

$316,500 total acquisition cost, $55K~ approx. rehab cost.A lot of the major costs (plumbing, electrical, roofing) were needed to pass inspection upon re-sale so I had no choice.