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.

Had it happen recently where a tenant was paying 27 percent of the rent,....had a change at the job and their hours were cut dramatically, they told the housing authority, I got some new paperwork....now the tenant pays 6 percent....Section 8 covers the other 94%.

I live in fairfax county and they essentially do not exist.

Some major points in the bill; Extend the eviction moratorium for 60 days after the state of emergency order is lifted for residential renters as well as small businesses, with an exception where there is risk of immediate harm.Allow renters with financial hardships to pay rent over an extended period using a year-long repayment plan.Create an eviction diversion program that runs through December 31 2020, requiring both landlords and renters to participate in a mediation process designed to help resolve issues before they lead to formal evictions.Stabilize rents during the pandemic and for a year afterwards, during which landlords would be limited from increasing rents, retroactive to March 1, 2020 for those experiencing financial hardship related to the pandemic.Waive late fees on rent during the pandemic and for two months afterwards, which is retroactive to March 1, 2020 for those experiencing financial hardship related to the pandemic.Allow renters who are illegally locked out to recover damages caused by the illegal lockout.Call on the PA General Assembly and the US Congress to provide municipalities a comprehensive relief package to stabilize the local rental housing market and assist property owners, including large-scale rent subsidies for landlords to make up for lost revenue.There are concerns, expressed by HAPCO, that passing this bill would have a disastrous effect on property owners in Philadelphia by essentially passing on the costs of the COVID crisis onto owners.

Can I make an extra payment towards the principal balance every month and essentially pay the balloon off? 

The only thing there you might have to work through is if the job rec says "based in Arizona" and you're buying a primary residence in Omaha then you might have some explaining to do or extra paperwork to get from Kiewit. 

Get a lawyer to get the paperwork right, and it shouldn't be an issue.Wonky back alley type paperwork typically results in a no-go for that refi loan application.