But if nominally higher expenses/ft wipe out all profit, or a raise in prime by 250bp wipes out most/all profit, those results may be something that are totally plausible and I might be concerned.

When raising my kids, I always made a big deal out of little things, and little things never became big things.

If I add this rental, I will raise my profits by $500 per month.

They know her very well and apparently offer her some sort of immunity :) Heck, if we go that route we might even qualify for some sort of bailout grant.

I am not saying some tenants dont raise red flags, just dont get the pit bull and visible tat grouping.

He and his sons are out working the garden one day when the neighbor comes by and says, "why are you raising corn when you can buy it at the store for $3 a dozen?".

He quoted me a rough estimate of 15k - 25k.I figured that the extension would possibly build some equity and raise the property value while bringing in enough cash monthly to cover the mortgage without me having to really come out of pocket from the paycheck I already make at the shipyard.

Sometimes older folks don't regularly raise the rents.

Put yourself into the landlord's shoes: He's had a longterm tenant, while he couldn't raise the rents to market levels.

I have one where I pay the bill and just raised the rent to cover a little above normal use, with a statement in the lease that they are responsible for any overages, and that it will be applied to the next months rent.