You are taking over for someone who didn't care at all about the rules and you want the city to just be like, "yeah, this is fine"?

This could depress rental rates which have fallen y/y by 9% in Austin and other formerly Hot Cities already.

Have a late fee in your lease.Leaving trash in the yard, tell them to clean it up because if the city gives you a fine, who do you think is going to pay for it?

I like option 2 to diversify the investments in 3 smaller rental propertires, 3/2 around 1500 sqft, in good school districts which will open the biggest pool of tenants. 

While 2/2s are better 3/1 are more desirable because of the heavy section market in the city. 

Just thank your deity that you don’t live in a rent controlled city/state.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

@Al JeciusAre you in City of Flagstaff or Coconino County for zoning purposes?

Some cities you need to register.

https://www.chicago.gov/city/e...