I just look at it like a mortgage... don't borrow more than you can afford to pay back and make sure to keep it well below the margin line. 

And we too would have a hard time asking for a $500 rent increase as we would be hard-pressed to determine how anyone could afford such an increase.  

We decided it would be best to sell and move to something more affordable that we could grow into.We listed the house and multiple offers over asking price later, we took our profit and moved on.Lessons learned?

SOooooo I've been digging deeper into low income affordable housing and doing developments in the city of Lake Elsinore.

(I have thought about it but needed to build my company to afford me the opportunities to invest.), not being prepared for this boom. 

Especially since I can not afford to do what the seller is asking.

Especially since I can not afford to do what the seller is asking.

Hi Dana,In addition to paint, maybe put a strip of black indoor outdoor carpet just in front of the door (and on the steps if they are not cement).That area is going to take most of the abuse of moving (scraping appliances and furniture) in and out, as well as most of the foot traffic.Cut 3 or 4 more sheets and toss them in the attic for future use.A hand full of staples is much cheaper and faster on turns than a full repaint.Also keep in mind that is a long narrow space and Lighter colors make things appear larger, darker colors--the opposite.Good Luck!

With the recent election, one council member is somewhat opposed to STR (or more strict regulation) whereas a few of the others (as well as the new Mayor) seem to support STR and trying to find a path forward to support STRs and affordable housing.

What should I do if in  the property has belongings and furniture of the old owner?