@Riley Yourdon make sure you put in your purchase contract that you will get the leases and rent ledgers BEFORE closing so you can review them.At closing you'll want to require that you get the tenant names, phone & email.There is this thing called fraud when it comes to leases & ledgers, so discuss reps & warranties with your agent.

There's literally no house for rent in that entire neighborhood for more than 3.5K. 

Hello,I have money for one deal but can’t decide what is better, a duplex/triplex out of state (Maine probably) or rent my current primary residence, upgrade, rinse and repeat. 

Can you raise rents to improve the cap rate and then sell?

Now I'm back to this vacant property in Canton and although I still think it would make a great MTR I rather focus on acquiring another property and putting my capital there.I'm currently weighing all my cashflow options for this Canton property and trying to find the best balance of additional funds and maximum cashflow.Here are the options I can think of:*Let PM take over and just LTR it (no extra capital, minimal time managing, minimal cashflow)*Find someone to manage the MTR (extra capital needed for furnishings, then either rent whole house or rent by the room, better cashflow)*Rental arbitrage (no extra capital, better cashflow than LTR?)

I have a tenant that’s been renting one of my properties for years.

Even successfully increased rents with no hassle. 

Or hold and rent as long as possible?

I was excited to do research there but saw this article recently about "A Crystal River ordinance from 2005 prohibits residences outside the city’s waterfront-commercial zoning district to be rented out for less than three consecutive months" and I was concerned.

I personally believe I set the rent at a pretty reasonable price and not sure if the rents he’s proposing will work but that’s for him to decide.