Lovely to set in, but we didn't set in it enough to justify the effort and expense.

Do I need to justify why the increase? 

This can be very expensive and is usually the worst choice to make because you can't justify the cost.2.

This could be anything from;  tips for saving on costs/utilities, tips for dealing with tenant/neighbor,  ways to create justified rent increases, tips for tracking expenses/income, or any other general advice from experience.

With a flat 5% late fee, I feel more justified strictly enforcing the contract than I would in a situation where a tenant who is two weeks late has incurred $190 in late fees on a $650 unpaid balance.

At some point, the combined cost of the land + build (mainly driven by land increases) will reach a point where there isn't enough cash flow to justify anything other than an appreciation move.

I'm thinking something like this may not be necessary until a certain threshold of income and volume has been reached, which would then justify the overhead and expense of entities.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Rents in LA are super expensive, as you know, so I could no longer justify paying monthly for something that wasn't going towards my own equity and gaining the benefits of being a property owner.

its hard to justify buying a property where you have to spend atleast $20k over asking price and then hoping that it'll appraise.