When I buy properties with way under market tenants, I have a "bad news bear" letter that I send out which introduces us, explains the current situation and tells tenants what the current market rates are, and for tenants not under leases, when and how much the rent will increase.

I understand that reading is valuable, which is why I'm curious to know which book you would recommend for a beginner like me to start with.I have yet to buy my first property but my goal is to house hack every year,  while buying and renting properties to hold long-term until my portfolio brings more cashflow than my W-2 job.

The facility is underperforming and it should be a good opportunity to buy it while the price is "low" (asking $40 million, with a solar farm that is currently being installed) before the "Silver Tsunami" hits over the next few years.  

@Cody JournellI guarantee you in the net five years, you'll look back and see this post as you are buying 50 units plus.

They plan on buying this spring or summer.

This is the most important thing you have control over.2) Use more leverage/debt to buy real estate.

(options to buy down into the 6s but I don't see many people opting to do that). 

Hope all is well, I am looking to Take a Job in a different City And Looking At Housing an Came Across a Home that is for sale. The home has had many renovations done as far as flooring and kitchen, but the Main Bedro...

Bottom line, really do your homework before you buy an Orlando condo (but don't necessarily write off all condos in our market).

You could also house hack and do MTR by buying a duplex and live in one of the units and MTR the other unit.