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.

Looking to network, raise capital, and seek investments in the Philadelphia area.

@Brian Hosier if you would like a little advice from a real pro, check out Ken McElroy at:http://www.biggerpockets.com/renewsblog/2014/01/09/bp-podcast-052-raising-millions-ken-mcelroy-rich-dad/I'll save you a bit of reading and clicking through to get his "example due diligence checklist" and other forms at:http://www.kenmcelroy.com/resources.htmlAll for the price of your name and email address at his website.Hope this helps!

Keep in mind that raising rents does not effect the funds necessary to retire debt, increased rents are above amounts for debt service.No one mentioned buying 9 properties with 25% down buys 2 properties free an clear and a third with 25% down.

The traffic I did have commented the basement needed work, so I just put 15k into the basement, I feel I should increase the cost by 15k the hard cost to finish the basement but I am worried about raising the cost on the MLS.