That will eliminate those homes from the rental pool, which then lowers the supply and likely will raise rents further. - It may take a long time to get approved by HUD and may need $ thousands in upgrades to come up to HUDs requirements for some properties.

I subtract the KWh on the sub meter from unit 1’s electrical bill because unit 1’s panel supplies the electricity to it.

All we really have to do is paint, which supplies for that will be free due to my dad having a surplus.

When we refused she blew us into the USPS who insisted that we supply her with a regulation mailbox that was much smaller & according to the USPS we were ONLY required to have the name of the current resident on it.

@Zachary CaudillObviously all the software and cash pay ideas are great, but if you want to do it the old fashioned way then I recommend sending a bill every month with a pre-addressed and stamped letter they can put a money order in and mail out.

Does anyone have any advice on these two areas, particularly if they think supply will be stronger in the summer or if the market is just really that tight?

We add to this by considering "point" data nearby that are related to supply, demand, performance, and risk.

We are seeing the average 3 bed 2 bath with minimal rehab running in the 150K-200K range and property taxes are currently low, creating a good opportunity here to prop up the rental market which is slowly running out of supply to the increased demand. 

LTR’s are also in tight supply and demand high.  

@Steven Andrews If you want to do a no money out of pocket deal, bring in a partner to supply the money.