I increased the rent on the $600 to $850 and the other tenant moved.

But, if you need to increase your radius as I did, you will attract quality MTR leads if you buy and design with them as your target tenants (know your audience).

Recently did that again and thought I can use the income I’m bringing in from the house to increase cash flow. 

Are you an out of state owner or in state but too busy to manage yourself?

The more cash you pull out, the higher the LTV, which increases the interest rate.

I collect tobacco cards so I am familiar (my first few rentals were partially paid for VIA my sports card wholesaling business). 

It will be a new asset with little to no cap ex, and lower expenses.With an apartment, if you buy an existing building, you will cash flow day one, but there are other concerns, such as age, property management, debt, exit strategy.It depends upon your goals with the money, if you're trying to create income, or if you're trying to go into the business full time.Gino

We have a handful of rentals and 2 small businesses. 

Some landlords have a master tenant who collects rent from the other tenants but that's not the best way to set it up - I think it could potentially open up the tenant trying to seek legal action against the investor and say that they're under rent control protection with any rent increase. 

Fast forward, I own a property management company and have my business manage the properties.