As long as you treat every applicant the same and set standards on who you would rent to, you won't run into problems 80% of the time.

My standard (annual) notice basically says: "due to the increased cost of taxes, insurance and other factors beyond our control, your new rent will be $____, beginning ____.  

I'm from New Jersey and it may be different as a standard where you're from.

We offer maximum flexibility (including picking it up at the rental unit) but retain the right to standardize to a required method.Our wording:Delivery of rent: All due on the first day of each monthly rental period, it is absolutely the responsibility of the tenant to mail/deliver rent payment (cash, check, money order/cashiers check, deposit at Red Canoe) to (name and address) or at such option or other place as Landlord designates.

You then formalize the deal with a standard purchase contract then assign or double escrow to the end buyer.

You can also allow them to sublet if person qualifies with your standards.

Debt Service Coverage Ratio is the gold standard by which banks lend. 1.2 or higher is the number to qualify at most banks.

I cut the standard 10% that I’ve observed on BP in half due to that fact.

We aim to buy and hold and accumulate about 4 properties through standard mortgages. 

Values are generally driven by interest rates, loan standards/government regulations, employment, inventory, and foreign investment.