Then supply and demand begins to happen, when the masses begin to think it’s too hard and go chase the new thing, supply and demand happens again.

But then you have a partner who may exert some level of control that you don't agree with, or are constantly stressing and calling you to let you know, etc.Then there is debt.  

Rents will likely start to increase again in 2025 is my thought, but you probably can't wait until then to buy as home prices will have moved up again.   

You can find them here on BG-  Under the BUILD YOUR TEAM tab- then select- MEET UPhttps://www.biggerpockets.com/forums/521Best of luck to you!

Then you have a basis from which to address it with the tenants when you take over or you have their authorization to withhold it from the security deposit. 

But if you think "LLC filing" is complex, then neither is a good option for you.  

If so, then start running the numbers to see if you could do better if you bought a house. 

I'd recommend building up a base of knowledge, then using the bootcamp to take actionable steps. good luck!

I have a team here that is growing and is able to cover all needsDepend of your risk tolerance,  in your case I would start at least the first one in your area to learn little bit  more and then I would think on out of state investment 

For example, if the previous last month's rent was $1,000 and the new rent is $1,100, you would request an additional $100 to cover the increase.Update the Agreement: Ensure that the lease renewal includes a clause that reflects the new last month's rent amount.Refund and Repay:Refund the Previous Deposit: You can return the last month's rent from the previous lease to the tenant.Collect New Last Month's Rent: Then, collect the new last month's rent at the increased rate as part of the lease renewal process.Steps to Take:Review Your Lease Agreement: Check the current lease agreement to see if there are any specific clauses regarding the adjustment of last month's rent upon renewal.Communicate with Your Tenant: Inform your tenant about the rent increase and how it affects the last month's rent.