Ideally I would like to have the tenants provide me with a deposit and sign a new lease at an increased rent but i am curious where my rights end and there’s begin.

@Kevin Heiden, ideally, your own income would be sufficient by itself to qualify for an FHA-approved loan for a 4-plex (ie. who wouldn't want that amount of income?)

JamieDid you see the new Star Trek movie, the one with Chris Pine in it?

I deal with a ton of residential investors in my business and very very few people understand these concepts - forget fully - not even remotely.

Hi --My name is Renata and I've been thrust into the REI world by putting our home up for sale and being told it is an ideal REI property.

My ideal set up is a bunch of people (less than 10) put cash into a pool that our mini REIT would tap to buy properties, probably REO's that we would flip.

Ideally, a lot of equity can be created.

The property should be able to be sold short with an agreement from the bank regarding their future collections actions (ideally, with an agreement stating that all debts are forgiven).This is not a rare occurrence.

This needs to be maintained as an orderly battle of ideals.

I am always of the opinion that we have to go with our gut feeling as landlords: even if the credit is perfect and the income is great, if the tenant is not giving us the right vibes (remember the movie "Pacific Heights" ?