According to the POMS and Census Data, most tenants move due to reasons outside the control of the landlord (got married/divorced, want a shorter commute, larger place, etc) and specifically not because of rent increases.I try to raise the rents each year a tenant stays, and a $10/month increase doesn't seem to make anybody blink.

Once you have determined your closing percentage then your paycheck becomes completely controlled by how many qualified contacts you get in front of.The more vacant home owners, preforeclosure sellers, and frustrated slumlords that you put your offers in front of, the more deals you will have available to you, and the more money you will make.Here's my advice, pick up the phone, bumble through it, and see if she wants to sell.I would also completely disagree with TN that a couple weeks probably won't make a big difference.

@Jamie Mathieu, are you looking for checkbook control?

I know a lot of the companies will offer something like "if termites damage your house during your pest control contract with us, we'll replace the damage at our cost".

You have less control.

If the tenant wishes not to utilize electronic payments, then tenants must deposit rent by the (DATE) at BANK into ACCOUNT, etc"I don't think it needs to be formal, just clear and precise.

I come from a QB background, and love the control and reports.

If my success depends on market appreciation which I don't control, then I'm not in control of the outcome and my exit strategy is weak.The only way that makes sense it to buy the property at a deep discount to the current market, and write the option price near today's market value.

Remember you don't have to own a property to control it.

My question is on the power of sale part - we both agreed that in event that I cannot repay the loan, I would give up the property and he can gain full control without having to foreclose.