While researching it, the rent for the units have increased to $850.

By renovating the unoccupied unit I was able to increase the value of the property What was the outcome?

If it's already updated, there will probably be little opportunity to add value and the seller will be less likely to accept a lower price.That being said, when you're less than 1%, the numbers get increasingly difficult.

I see more people want a fixer so that they can make improvements to the place and increase equity, and then get stuck when they realize that they don’t have the cash resources to do the work.

City of Joliet still looking to vastly increase fees on landlords, possible license and fee for all landlords and inspections of all single family rental properties.

Hi Amul,You will want to buy a property that is under market value and do some renovation to increase the value, so when you refinance, you will be able to get your initial capital back.

This is because my job pays good and have couple several salary increases scheduled.

If you do buy the property personally and then transfer it to your LLC, that could trigger the due on sale clause found in most standard mortgages.

With rates moving higher, it is likely that your rate will increase in the future.

I think you will see in the relative short term increased rents in Crystal City, Pentagon City, Potomac Yard, Columbia Pike and maybe a few other close by neighborhoods.