They look at closed sales in past three/four months with like kind square footage and lot size.

Apparently not that great of friends, because the old tenant moved three months earlier and they didn't seem to know it.

I didn't have the capital to flip all three units at once, so I figured keeping solid renters was more beneficial than raising the rents to true market value and running the risk of getting potential problem renters - especially while I was working out of town.

Those three things together to create independence of purpose.

Governor's suite is pricey but there's three of us coming and we wanted the dining table and living room area to talk shop while we're in the room.

Well, I bought one three years ago, so I'm VERY qualified to discuss the pros and cons.

If you find a tenant three days after your old tenant vacates, then the old tenant is only obligated to pay you three days of rent.

Adjust it as you feel makes sense.Credit score of 600 or moreNo evictions in prior 10 years of rental historyMonthly income of three times rentNo criminal record, or criminal record older than 10 yearsNo petsGood references from previous landlordsMake sure you vet people over the phone/email before you accept an application from them.

In theory, I could sell, pull out that equity, and reinvest in ~5 single family homes in the southeast (think Birmingham, Memphis, etc.) and increase that monthly cash flow to $1,400+ (on the conservative side).That said, the home sits on THREE city lots and is more or less in downtown Missoula.

(You could put Ring Master for a Circus on your resume based on some of the things you post!)