- How do I go about managing existing tenants and setting expectations?

- Am I able to do a mortgage assumption from personal to the LLC to avoid the balance being called and effectively keep the interest rate?

To comprehend existing circumstances, trends, and possible investment sectors, do in-depth market research.Conventional standards such as the 4% or 1% rule may not always be applicable.

If you- own a short term rental in your name- have a mortgage on that property - self manage Do you still create a LLC to manage your rental business or do you manage it under your name and then file income and expenses as part of your tax filing?

Just to lower your mortgage payment?

I notice that existing tenants have their rents increased slower. 

Would I be able to create a new lease agreement with the existing tenant?

There is a big difference.Social Services to me means section 8 housing vouchers, food stamp existant, and other welfare benefits.Social Security (whether you agree with the program or not) is based on repayment of money you earned while working and supposedly placed into a trust for retirement.

Anand- a friend of mine is a mortgage broker with a lot of investor experience.

For the tenants that will occupy the empty unit in the not too distant future I can make my own rental agreement, in particular, I plan to let them pay for the water as well, and I will set a reasonable security deposit.But for the tenants in the currently occupied unit:1) Would it be possible to write an addendum to the existing rental agreement to require the tenants to pay for their portion of the water bill?