So someone (like me) comes and fixes it up, raises the rent, neighbors and people are happy, but the people who can't afford a the nicer place (and really can't afford to move) are off to try to find something else that's cheap (thus crappy)4: "Those who can only afford $300 a month or whichever arbitrary number we are using for the sake of argument, typically qualify for section 8 anyways and section 8 pays a good amount.

The laws are changing fast and furious, but as I understand it:If your unit falls under CA rent control (and most do), increases are capped at CPI + 5% or 10% annually, whichever is lower.LA City (not county) has a moratorium on rent increases.

.$3100- $1600 = $1500 cash flow.I have another 80k saved up and would like to put about 60k towards my next property (leaving 20k for emergency funds, rehabs, personal fund etc.)I have zero debt (no student loans, no car payment) outside of the HELOC I had to purchase the first property I stated above and most of my living expenses are paid by my employer (car, gas, cell phone).I am based out of Central Pennsylvania and am looking to stay somewhat locally for my first few properties (Harrisburg, Camp Hill, Lancaster, Hershey etc.) and am not really interested in out of state investing.Just looking for some advice or input on what you would do next if you were in my situation,Any input and info would be greatly appreciated, Thanks!

Talk to a title co (or attorney, whichever your state uses) to go over closing costs, amounts and explanation.

Which ever formula you decide on, it’s the one that you should stick to you for the duration of the tenancy. 

Putting an offer on our first rental property and my buyer's agent has put in the contract that her commission will be... "3% of the purchase price or the MLS listing price, whichever is greater."

However if you were to move out then both units would be rent regulated at their current rent, with only a rent increase of the CPI or 4% whichever is less.  

Hi everyone,My property has a cell phone tower on its roof, and I just received a letter from the carrier saying they've decommissioned some of their microwaves, and that they want us to reduce rent in light of this usage change.There's an implied threat of terminating the lease ("<carrier> will similarly consider this site's viability and continue to evaluate alternatives").Now, I assume they'd have to at least stick around for the next several years until the end of the current arm of our lease, but I do enjoy the stability of having a much longer term lease with them.So... is this just a bluff, to shake out people who are easy?

Which ever is greater.

I am a new agent, i have been door knocking and cold calling fsbo directly using my cell phone thus far for leads.