If you have a well-maintained unit in a decent area, your tenants will want to stay, even if the increase is substantial and it is within market rent.BTW, prior to purchasing, ask the owner for copies of the most recent utility bills, tenant estoppel certificates (signed paper from tenant stating financial terms of the lease) and CLUE report ( A report that lists if any insurance claims have been filed against the property in the last 7 years) to ensure property is insurable.

Someone who does insurance for rental properties, who understands our true best interest.

Phillip Thatcher, PresidentLandlords Association of Eastern Jackson County (LAEJC)PS: Don't forget to encourage people to contact their bankers, insurance agents, accountants, real estate agents, contractors and other landlords.

That is what wakes them up and it can cost $500 to $5,000, so thats why its good to have a reserve.Then we attempt to get them repaying or settle for a lump sum and the debt is out of their life, otherwise we foreclose.

It's hard enough to hold a job and take care of all the things in life but trying to manage a rental long distance with experience is hard enough without adding a lack of experience to it.

Too much of a time drain on my life with the drama and they are low producers compared to what I can close on my own spending time directly with clients.

@Kyle Pare I use USAA for my banking, insurance, and car buying services.

In fact, the manufactured home's existing supports are still necessary for the load displacement, reduction of floor vibration and for leveling adjust-ability.A retrofit is generally required to meet loan or insurance specifications for "permanent" attachment, wind resistance, snow loads or seismic resistance.

So probably the only other option would be a refinance to pay off the short term debt, which would require you to be able to get that private money amortized at a longer time period, with balloon payments, or interest only payments during the life of the loan.

At this particular point in my life, I am not going to be the one who has the money to put up big down payments for properties (students loans), but I am attempting to form a team that would be willing to work together to make our collective dream happen.