@Josh Caldwell - without looking at the data, I bet that rents in Ames, Iowa were really low and that 22% increase is something like median rents going from $400 => $500.

If covering water isn't typical for your market and the units are in demand you could consider switching this to tenant pay and improve the property's performance. 

It's only 12 years old and one of my best performers. 

lots of landlords in my area are changing the locks and keeping her money it sounds like your best bet is to give her  the money back and send her on her way good luck @Milan Sanghvi 

The best bet is to position yourself so a crash will not effect you that much. 

Looking for some guidance.I presently own a duplex, purchased in 2006 (was my first RE investment) - when I purchased rents were $725, I've now got the rents to $895 per unit, so $1790 per moVacancy is low, however when a tenant moves out, I typically will have it vacant a month or two performing updgrades and maintenance, (have overhauled/lightly updated the bathrooms, paint, exterior doors etc)  Typically when I start advertising the vacancy I have it filled in a month with a good tenant.

Perhaps not enough to obscure the picture.Q1: Is it correct to do an IRR estimation and compare it to the stock market performance?

Total monthly income after expenses and reserves is about $450, or $75 a door.4 performing notes - remaining balance $$185k, purchase price $129k.

Without a degree or marketable skills, your best bet would be to try and wholesale property but that may not provide the kind of stable income that you would need.

Why cant I create my own note for my LLC ,season it, then sell it as a performing note?