Then you can either leave them be until they expire, or let them know that you will be undergoing renovations, let them know the new rent and possibly have one tenant living in a existing unit, while you renovate the other side, to which they will move in to the new unit once complete at the new rent rate.

I have several questions to answer before writing a proposal and would greatly appreciate any advice whether broad or specific:-What are the advantages of a partnership with a pre-determined percentage of profits shared VS a personal loan with a fixed interest rate?

I've seen people get really competitive rates that way.

Doing the due diligence on rental rates wont be an issue for me but I’m not a developer.

Im a first time home buyer, no existing debt, self employed, bring in average $4k monthly, looking for a conventional fixed rate loan in PHX or surrounding areas.

Or Brokers that just jack up the rate and charge no points and get the rate rebate

No seasoning.Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.PenFed - max 3 other properties, 89% LTVRegions- yes HELOC but no LOCSCCU Florida 70% LTV, 6.25% interest only, not LLCSound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”TD BankTIAA Direct was EverBankTower FCU, all states except TX, max 45 DTI, green card ok.

Current rate is 4.75%.

California investors, what are your thoughts about my ratings below? 

There were only a handful of nationwide insurance companies willing to rate liability insurance on STR management, and almost none (none?)