I gave them notice 3 months ago that I will no longer be renting to them, and they paid very late each month except for this last month.

As for my own market and the surrounding areas, I'm in one of those areas where the best I'm going to do is $500 monthly negative cash flow as opposed to $1,000 monthly negative cash flow.

However, she ended up missing rent for six months.

This is in Allentown, PA I was reading about the rent increases and from what I saw it cannot be raised more than 10% in 12-month period.  

For the first four properties that I purchased, the loan officers sent me "initial disclosures" which clearly stated the interest rate expected closing, expected monthly payment etc. 

However, with our current low interest rate and rental rates for our neighborhood we could also cash flow appropriately $1000 per month, keep it and allow for further appreciation over the next three years until we would need to sell to capture section 121 tax exclusion.

Since we only pay $25 per month for a large amount of water no one gives theirs up.

Price - $299,000Preferred Lender rate - 4.75% on a 10/6 armRent per unit - $2,000 +/-3bed | 2bath 1,500 sq feetFinancials - 25% down, 4.75% rate, monthly cash flow roughly $200Builder warranty included.

Quote from @Peter Gulati: If you are near Houston, TWA is going to have a teen session this month for 4hrs. 

We have profited from 6 asset sales since September (under 5 months).