Start there obviously and then increase price according to what you NEED to make.

I am learning to analyze deals and was curious if anyone would consider the property at 13510 Chimney Sweep Dr.It appears to be in a good area: low crime, good schools, not considered as a flood zone.It is a 2 bed but at 1044 sq ft there could be some potential for an extra room thus increasing rental income?

We added on site laundry and redid all the landscaping.Doing all this allowed us to increase rents 30%+, which means the three rented units cover the PITI for the property so we have no housing costs.

Hyper supply followed by increasing vacancies and downward pressure on rents.

If I could cash flow from day one and increase revenues by adding pads this could be a good investment.

It will include a clause regarding rent increases during the lease term.Short sighted of landlords to tie tenants into long leases.

I've seen rates increase a little but not too bad.

If this is such as major issue that they sent a letter around, and they feel everyone should do it, then the best way to make sure it's done is they make it building wide project.When they do these projects however, they either increase the monthly fees for everyone, or do a one time assessment charge.

. $14/night AirBnB tax, and letting renters pay their deposit over the first 6 months of the lease, among other ridiculous laws), as well as increasing my property taxes 25% this year to pay for their wasteful spending, versus a more conservative government in Phoenix garnering less property tax and more relaxed rental rules.  

You are correct the oil boom has caused significant increases in property costs here.