I think you should raise it a little but be happy you have a tenant that loves where they are and takes care of the place.

Doing this with the tenant present shows them you care about the property, and gives them a heads up that if they cause any damage, you will be charging them for it.

- Because that person takes care of them, does business well, etc....

I'm purchasing a triplex on the beach as my first rental investment property with the help of an FHA loan.

I played around with some of the ways of looking at value in the Introduction to Real Estate Analysis article by J Scott, but whenever I think of an offer I get worried I am either insulting him or giving away all my hard work (3 years of time assembling lots and getting it through city approvals, and serving as an uncompensated GC for net zero energy certification and most of the site work).

Don’t know why anyone would care.

.- Within 1 hour of an airport- Low taxes!! 

Hi All, there are several discussions here on BP that reference the idea of an all cash purchase followed by putting a lien on the property through your own llc and writing a mortgage note with the property as collateral. 

Be careful to make sure any IRA transactions done with him do not benefit you personally. . 

The quote is to get a number obviously but also kind of an interview for you to judge their integrity and character.I like to find guys who are kind of on my level - have some experience but working on scaling up.