We recently increased the rents of these old units by about 10%, leaving them still 10% under market, which we felt was appropriate for good, long term tenants, and for avoiding turnover costs.

I actually started a thread about it- very frustrating... they will wait until the last minute to spring it on you and beg or bribe...And yes- SFH vs. apartments is a world of difference.

@Travis HowserTravis, mortgages backed by Fannie/Freddie are perhaps the best debt instrument in the world.  

In today's world, people are very conscious about drugs, and so long as you are taking action, people (like potential buyers) will understand.Here is a recent example of what we've come to expect:  tenant A complains of pot smoke entering her apartment from tenant B. 

The TV shows do not show the true world that investors live in each and every day. 

My name is Kate Richardson and I am a novice in the world of investing in the beaches area of Jacksonville, FL.

Yours looks good (old photos from Redfin) so might not be that much. 

Small world!

I have reached out to some contacts I know in the movie biz for advice but wanted to see if anyone on the forums here have real world experience.  

We get a lot of business travel since it's the furniture capital of the world.