PD o/s of a robbery at 7-Eleven.

@James H Webb III -  It can be whatever you two agree upon for rate and if you make monthly I/O pmnts or just balloon at the need. 

I already have some spots picked out some been a couple in O-Zones which makes this desirable to set up as a fourplex.

@Andrea O. to answer your question, no you will not be able to legally raise the rents to market rate until the tenants move out.

It was a matter of time - the Bay Area lived very well through 2008, but past performance is no gurantee for the future.Real estate is always based on supply and demand and Covid is showing the industry you don't have to be there.Prices have been out of touch for years and you can't keep gaining the same % forever, you'll have exponential growing prices.Prices are always anchored by two things: cost of new construction (about $200 per SF) and rent (1% o value).

Especially with new investors trying CREATIVE ( no money to little money ) type deals then can create E & O claims for the brokerage.

In general, you will have Error & Ommissions insurance premium (E&O), franchise fees (most franchises will charge the agent and the broker a fee per agent), MLS fees, National Association of Realtor fees (paid at the local level), etc. 

@Jesse O. 

I think rent-o-meter data is good it just doesn't show the absence of data not there.

I am still investing and making offers, I've slowed down a little at 78 y/o, having fun coaching others.Thanks again .....