I chose Michigan because I was born and raised there.

You'd probably need to raise the rent and keep the property management in house.I have not used the property analysis yet.

I'm sure once I hit that number I'll reevaluate and raise the bar again since 50 rentals still doesn't quite get me to the level of income I'd want to quit my other business.

I'm trying to see how much I could raise rents without driving away a tenant.

So that I can learn the ropes, raise some capital, and network for future investments.Basically I subtract my pathetic social life from 2 months of my time which is equal to 600-1,000 dollar commission plus minimum wage from my overnight job.

This unit rented for $600, but now that it is renovated we will raise the rent to $630 in May and $660 next year.Tenant is on fixed retirement income and we want to keep her.

If they think rent is too high then I wouldn't raise it anymore.

.-- I don't believe my buying out the siblings raises the cost basis since, as I understand, the house stays in the same taxation position as the person who is "gifting" the duplex.

Do you raise, lower or keep rent where it is at when the "rent to own" starts?

I have been an athlete and salesman my whole life even starting back to when I was 5 years old selling chicken eggs door to door from the 300+ chickens we raised.