Usually you could not change the rent before the end of their current leases.My advice: promise nothing, give them new address or online tool for payments, official letter (paper) that you are a new landlord and collect their concerns, needs, maintenance request.

. $50/hr too much in Los Angeles wow what do you hire illegals with no tools?

For some reason I feel like Google Voice is going to be a good tool to use but I just haven't figured out how I want to implement it.

I'm very excited to learn from you guys and am looking forward to our collaborative successes!

We asked for cosigners and sent them through the TransUnion screening tool.

To your question - of course the equity in your property is a great tool to leverage. 

RegardsYou can purchase the BiggerPockets documents under TOOLS > LEASE AGREEMENT PACKAGES.

Make sure you check out all that this site has to offer for you.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proThe site has quite a few tools that can be helpful for new members.

Does anyone know of a tool, or software they can generate a statement which includes not only profit and loss, but also a balance sheet?

Thinking about buying some special tools from a couple private individuals about 700 miles and 2 states away from home.