Further more I will definitely do it if I can achieve a $300-500 cash flow while only raising my payments on my house by not much.

I wasn't thinking of raising the rent this time but may if the market stays tight.Some options I was thinking:1) Give back $ 400 from their security deposit now as a nice gesture and another $ 400 if they renew.

This is not law, but if an objection is raised during the notice period, your deal could escalate into one requiring court confirmation.

Or are you thinking of this as a possible "value play" where you can raise property #1's CAP rate to a 9% or so then reselling it to another landlord investor at a 7% CAP?

The tenant has been paying $1000 since spring 2010, so I was going to give them a $100 raise this spring, the rent is not regulated.

While I'm currently working two rentals (acquired through HUD) and one fix-and-flip in the city, I'm passionate about learning commercial multi-family, bulk REO dealing and raising the scale of my current operation.

I hope we get it all raised quickly.

If this is where you plan on living for a while and where you want to raise your kids, why not make it somewhere you want to be when you get off a hard days work.

I am building a spec north of SA to 1st pay down some personal debt and 2nd raise capital to pursue buy, fix, and hold properties.

We are also considering flipping it to raise capital for our real-estate goals, but that seems kind of like killing the golden goose before it even has a chance to lay an egg.Anyway, my question is this.