That may not JUST be confined to the rental amount owed, but rather utilities, late fees, etc BUT that varies from state to state and you'll want to consult your state's Tenant Landlord Act and related laws.

I will honor their current rental agreements but plan on increasing rent as much as 70% (owner was paying utilities too) with the next agreement. 

Then you have the utilities which can add up until you get it rented.

Then you could also get another STR somewhere else, as you could utilize a low down payment loan on the primary.Denver is a great area to invest, and I always prefer investing in your backyard!

The 50% that was saving each month for the down payment, now covers the Morgage and utilities, and with the phantom cash flow coming in now, it can now cover part of the mortgage as well.

Current plan is to save for the next 1-2 years, then utilize a physician's loan (one that accepts PharmDs) to fund the 10% downpayment of a triplex/quadplex in San Diego, CA to owner-occupy.Was hoping to get some perspective on the following questions:Any notable lenders of physician loans (accepting PharmDs) in CA? 

My market is hot, but I’ve still been able to source some things that for various reasons have either sat a while or I was just able to utilize negotiation and holding firm on what price I was willing to go to to work to my advantage.

When you get your $140,000 loan you will be paying substantial costs and while you are working on the property you will be paying insurance, property taxes, utilities and I will bet the cost for heating while you are working during the winter will eat up a lot of cash.

Obviously on a long-term rental the tenant would be responsible for all the utilities lawn care and would be much less management intensive as I would have one person in there for the entire one or two years.  

RUBS (utilities under your/your LLC & bill back based on occupancy or square footage) 2.