I live in a fairly high price market(650,000 average)and grew up on the beach in socal knowing a large portion of people.

However, I would encourage you to treat your tenants kindly and fairly, and they will hopefully have mutual respect for you. 

matt did consider buying me out at the start as he wanted the house for him and his family.he eventually decided against for a few reasons.since I was leaning towards keeping the house as a rental,it wouldn't have really been fair to buy me out and keep it.then turn around and sell it in a few years for a Big profit,it would just create bad blood between us.we decided it would be best to keep it strictly business and both profit together.Also,another a big reason was that matts wife is sick of renovating the place and spending money on it,so she now hates the house and said she can't stand being in it now,and wouldn't want to live there....so I'm pretty sure that was a big reason as to why "they" don't want it :DIt is in a nice area and there are much nicer houses on the street than ours that are worth a lot more than ours...so I think if we we're going to sell,it would be worth doing it pretty nice.Thank you Manolo for the idea!

This is a "course" (fairly inexpensive) in Screening Tenants and Tenant/Landlord Law.

Plus, even if the list price of the duplex in question is fair relative to other GRMs in the area, it would need to cash flow to be an attractive investment.

The average DOM is 30 days and 30 days to close with a conventional buyer.Bob has a gambling problem, and Guido is going to break every bone in Bob's body if he doesn't cough up $50,000 by Monday.

Facebook pages are meant for group discussions and expression of opinion and have absolutely nothing to do with fair or correct rental pricing.

I went in and truely gambling with appreciation for 2 years, bought 315k live in as primary residence,exactly 2 years I sold it 550k tax free 2005 .

Do good work at a fair ( not cheap) price and word of mouth will spread .  

The appropriate rules can be found in Chapter 5 of IRS Publication 527, which can be found at the IRS website.If she owns it, but you are using it, you'll want to make sure that you are paying her a fair market value or you could run afoul of those very same rules.Good luck!