The Tenant may move if they get upset, however, when they go to look for a new place they are likely to only find places for $800, as long as they aren't more modern than yours, there is no reason to leave.When I bought my first place, it was a 6-unit multi-family, going rates are about $475 to $500 in my area and an old lady that has been there for 40+ years was paying $305.

I don't look for things to complain about or look for an extra few bucks to squeeze out of tenants, when I rent something I actually give them a leasehold interest in the property and allow them quiet enjoyment to use as they like so long as no laws are being broken, are within the terms of the lease and don't pose a dangerous condition that is reasonably dangerous.

I went through one this past winter and it was not fun wrestling my contractors but as long as you stay ahead in payments they will respond especially with holiday season coming up, just be fair and pay as promised.

As long as it cashflows, it's probably a good deal. 

So as long as i show ive got skin in the game im hoping to liquidate the houses an buy a 50+ apt complex that will fullfill a passive income of x dollars a month.There are so many things i dont know and eager to learn about. im hoping my internship will answer a lot of them but i know i also have you guys to back me up so please tell me my plan is wish wash and give me more facts so i can overcome them and find the way to financial freedom thank you BP :)

I'd say as long as there is a timeline and endpoint for the negative cashflow known ahead of time, it's appears to be a reasonable strategy. 

For these reasons, the City Council believes owner-occupied rental properties exempt from the Just Cause for Eviction Ordinance should similarly be exempt from the Rent Adjustment Program so long as the property is owner-occupied.

As long as your first job is in your field your school counts towards your two years of experience.

They only came down $3k off of list price and that is typical for something that's only been on the market 21 days.Your offer is a little high and that's why they countered so close to your amount.If you can get it rent ready for under $8k then you should be okay, as long as, it can easily rent for $800+ and it doesn't get vandalized.Also, the listing broker can be a little "difficult" to work with - so, just be prepared in case anything flares up.I hope that helps.

Then you could give list to existing tenants in advance of things to do to help them get their deposit back etc.At least this way you can see how the unit looks and get an idea of how long a turn time and expense.Just because tenants do not own the property doesn't make it okay for strangers to enter a place where they live.