@Stephen Chatto  if this is in a small town no chance that he is going to play that game well. 

I played dumb and asked him where he, his wife and infant son were going to live.

The accountant has to play "catchup bookkeeper" for the entire year --- but (s)he gets paid for it apparently...All that being said, there are other advantages to having an additional checking account. 

Something to decide on now is how passive of a roll you want to play in the deals.

So that can not play any part in your decision.

The Safari is a nonstop endurance canoe race in the dead of summer that starts in San Marcos, TX, and finishes 260 miles downstream after crossing a bay in the Gulf of Mexico.

So long term play for appreciation is Dallas, Houston for cash flow.

If they can't/won't accept the increase, they'll move on and you'll find someone else.I don't play around with incremental rent increases stretched out over time.

The common advice is you have to hold on to it for at least a year to to qualify to play it safe though it's not stated in the law.

It's dead $ if it's just sitting there.