I'm 19 and about to buy my first 2-4 unit apartment but haven't yet, however if I could of went back a few years with everything I've learned now just make sure you're always learning, reading, etc, don't spend your money on stupid things like cars and clothes, if you get a job and keep saving you should have money for a 5% down payment on a property by 18 or so, if you're going to college you can buy a 2-4 unit (duplex-4 plex) or a cheap house and rent out the other rooms, that can go in general too not just with college, and don't buy a brand new car, get at least 3 years old because a car loses 40 percent of its value over those years, you can get a very low mileage older car if you hunt for it, new cars are financial suicide to young people, ideally don't spend more than 10% of your income a vehicle per year, that may be hard depending on what you do, and invest every penny you can while maintaining a safety net (at least a couple thousand dollars to cover expenses, etc) that way you don't have to pay abhorrent credit card interest rates.etc

Fishman has purchased several properties in Logan Square, and has raised rents (sometimes $200+) to current market, making old-time residents unhappy.

I had so many people reach out that i actually raised the rent from 975 to 1050.

I gave them my business card and asked to give it to the people occupying the house.I revisited the property a few days later and seen the house was vacant and no dog. came back a few days after that and same situation.

Namely, Child Support, Credit Cards, Income Tax - are we saying that the auction buyer is now responsible to pay the owner's such personal liens?

Do we run the application and then send notice that the husband doesn't meet our criteria or do we add him to the lease but raise the rent considerably and hope they move out on their own?

If you have the opportunity to raise rents, and be making $150ish/mo in cash flow, plus have an asset that might appreciate, you might have a pretty good deal.

Thank you for your reply, you've raised a really good point.

So far, we've done a conventional mortgage to purchase and then financed the rehab with mostly personal money and credit cards. 

The question is can I raise the rent if it is warranted?