Just make sure that you fill out the paperwork and submit it on time and follow the regulations to the letter.

I missed a lot of weddings and other events .. non essential was not a thing then.. but in my case any thing non essential I simply did not do..

As Tyler said, you may not need to worry about cash flow, as cutting out rent would essentially equate to a form of cash flow since you won’t be spending money on rent.

Side note: Look into 203k loans, those mortgages pay the cost of the house plus money for renovations... its a lot of paperwork on the loan side, but not a bad route. 

This was a little more difficult timing because it was during the Holidays and the slow part of the year, but we still got someone placed, and got a higher rent than we expected ($1025/month).The Refinance:We started the paperwork for the cash out refinance process in month 5 (Jan 2020) so we could close as soon as we hit the 6 month seasoning period for the property.

The asphalt is non-existent and it’s essentially a dirt/gravel road with lots of potholes.

Appraisal is considered “essential”

I'm wondering if a) I can increase rent at all (or did I need to give notice 2 months in advance) and b) if the tenant signs another lease, can that be for higher rent (annual, month to month, etc.)Essentially, I want a higher monthly rent payment for the increased exposure of not having a tenant for the entire year. 

You have to stay on top of the paperwork. 

He was a great plumber though just not the best with paper work and wanted to micromanage.