This way they can gradually adjust to the new rent and likely stay in the unit.Finally a way to entice your tenants to stay is to give them a nice little "new owner" gift and the rent increase together.

My parents set us up with our first investment buy/hold as a wedding gift, and that is when my journey started at 24.  

In the past we have 'sold' properties to our kids & then hold the financing at the current AFR.Admittedly the majority were high income investment properties (rentals/lease to owns etc).We have always documented gifting over the years so they can prove the source of the down payment(s) especially if we them at a Tax Lien auction.

When we are blessed with rIches and the ability to do manage it and multiply it we should take hold of that and make good use of our talents and gifts !

Best bet for people with low income tax returns or gift money since funds aren't sourced 

Unfortunately he hasn’t responded to either of my two contacts yet (1st letter, 2nd Starbucks gift card with business card) but I’ll keep going.

Every person has gifts and limitations.

LOL It did give me a good kick in the pants, though, it made me realize that I really have to put more work into learning what I need to learn if I want to get into this business of investing.I'm sick of this business of living paycheck-to-paycheck and never having enough money for when things come up, or to go on vacations, or to buy gifts for friends and family on birthdays and such.

It also, helps reduce stress that I had before becoming wealthy (stress of bills).Also, I like being able to go to the store and buy whatever is needed and buy some gifts for others that truly need help (say disabled - not just lazy or entitled), it's rewarding. 

I was working as a bartender and she had saved every single birthday, christmas, graduation, etc. gift I had ever gotten for this moment.