., I know you're starting out shallow but this could turn into the deep end of the investing and 1031 pool real quick. 

@Brian, and that is a perfectly reasonable position to take, in my situation I'm in NYC, a very tenant friendly state, it's not unknown to be tied up in court for a year trying to evict a bad tenant, it happened to me, took eight months to get him out , situations like that can quickly mess up a positive cash flow, if I had a mortgage on that property I would have been in bad shape.

I've used this site for quick reference when I'm doing deal research. 

Just tell the tenant to put a couple fans on it and it will dry out quickly.

I appreciate your quick response.

Thanks @Brian Eastman for quick reply and answer.

As you get more experience and your equity in the properties rise if they are doing value add deals then eventually and surprisingly quickly they could be leveraging into other deals, bankers gain more confidence in them, etc.

If that work is something you think you can do quickly, I'd firmly raise the rent and see if they opt to move or not.

I’m 24 years old and when I started was consistently encouraged to buy a home as quickly as possible for specific reasons.

Barnes, its a quick read.