@Karen DiNapoli I'm in the same boat as you.  

I haven't actually started my investment career yet, but I am kind of in the same boat as you.

.$800,000 asking price for the resort, boats, all furnishings180' Lake front, ~1 acre land, 7 cabins, 1 main houseCurrently the resort is rented out in the summer for 13 weeks. 

I would like to increase the rent to market I have come up with this plan which works into timing but it goes like this give them 60 days notice to a scheduled rent increase schedule. in 60 day rent would go to 1200 followed 180 days later by another increase to 1300 than in another 180 days the last 50 to a market of 1350. now for the timing march 1 I have a 2bd right next door opening that I plan to market it for 1150so it boils down to letting them choose between downsizing to the 2bd or going with the 3bd with the rent increases. currently there are NO SFR in my town for less than 1800 mo so there is a shortage of rentals which makes me think I wont have to much trouble renting 1 or both. but there is still part of me that says don't rock the boat and wait until they move on but that may be  while so that's a lot of potential opportunity lostwhat say BP about my plan. am I being Mr.

Thank you John for your advice,we are trying to connect with a land lord attorney, my husband has gone out and unlocked the gate, mobile home and shed he has access to .....he was allowed one shed and has broken into our sheds.....we cannot even leave our property...we hope to sell a couple of old boats( non workable) and go to court on Monday.....I have run a across low lives in my life and i am not dumb or ignorant, just we were scammed and it hurts....and yes I believe some of the sheriffs down here are corrupt and will not even listen....the tenant is we believe also on drugs....John, I used to have family in Wheatridge XXXX W 38th street for many years....I think my cousin still lives there...thank you...PB

I've done boat loads of short sale flips so I know a thing or two.... so here's my humble opinion and 2 centNow...

Hi John,I'm also in the same boat you are and I'm located in Malden, Ma.

Sounds like we're in the same boat.

I have heard of creditors seizing businesses, cars, boats, and even RE (as long as it was not homesteaded).

That may take time, but you have much less risk.IMHO, a residence is just an expensive doodad like a boat or car.