In a recent webinar, I learned that to be successful at it you should have no more than 3 renters to 1 bathroom.

I sell my product for a fair price (as determined by the market) to people that can afford to pay for it, then I use my wealth to help those truly in need rather than subsidize the lives of my renters.

I have a reliable renter lined up for 2-3 years.

They need to get their own renters policy)3.

He looks for medium term renters, like families who are moving to town.

So 8 years ago I purchased my first rental property it is now paid off but renter is only paying $350 per month he is a family friends dad who only draws ssi however this family friend is a millionaire.

You don't ever want to accept a renter and then let them move in an unknown person because that's how many renters will sneak in their sex-offender boyfriend or drug-dealing cousin.

I was super thankful for my past landlords that allowed pets when I was a renter so I know how it feels.

Rent demand is high, but it's harder for people to afford the rent increases when everything else is so expensive, so renters are more likely to downsize, meaning rents won't increase at the same pace as the sales prices and investments won't make sense for a lot of investors. 

In most cases, I am able to find a new renter to move in within 14 days of the old renter vacating, so the termination fee is extra income.