When you raise their rent to market you will then face another tenant turn over and vacancy.At most offer a $100 reduced rent only for the first month not the term of the lease.

I have spent the last 25 years leasing fully furnished private residences on a month to month basis to business travelers and have found this allows me to capitalize on increased rental revenue while reducing my PPD (Pain Per Dollar). 

However, if you have an opportunity to add value to drive rent prices up or reduce vacancy, you could get this up to the average. 

Smart Home technologies reduce operating costs through monitoring and access to critical resources like power, water gas. 

We offer to reduce the first months rent by the app fee but that's it. 

Or keep track and deduct from deposit Yes you should always charge late fees & evict if a tenant doesn't pay in full unless you are willing to just accept the reduced amount you are receiving from Section 8. 

I have quoted refinancing with a few banks including my current one and it seems that I could reduce my monthly payment by roughly $100 while extending my mortgage back out to 30 years, or I can increase my monthly payment by roughly $20 and cash out about $17,000 (at 80% LTV) to use towards my next investment.

The only setback with using lending vs. hard money is that I can't be a cash buyer for a wholesaler, which reduces buying options.

The agriculture industry employs a lot of people in this valley, but most of these jobs are lower paying and seasonal, reducing annual income numbers.

This is an MLS listing that I was able to get under contract for a reduced price.