I created an addendum in the lease specifying the dates and the amount of the increase.Here's a helpful PDF for MO Landlord/Tenant Laws.Here is an exert from the PDF:"ORAL AGREEMENT An oral agreement obligates the landlord and tenant for only one month.

For my business I create my LLCs in Wyoming and NV as they have the lowest fees and the most protection.

I am testing out Wrike to create deliverable topics/items, critical timelines and assign tasks & deadlines, etc. 

The best think a landlord can do is create a friendly relationship with the tenants.

If I ever need to throw $1,000 from personal savings to cover a surprise I am happy to do so in the name of creating this cash machine once paid off and retirement hits. 

Hey BP, Now that I'm a few years through college and my mom has sold her house to move to a less expensive area, we have some capital we'd like to use to create passive income through real estate investing.

Also, many agents position themselves as PMs in order to create additional income, but in many states, PMs are not licensed or regulated, so it's likely that they have no idea how to be a PM, they don't have any processes in place and don't know how to manage tenants, owners, etc.

@Jonathan Bowen There are a lot of catch phrases created by the REI Guru's created to make something not as appealing to become mor alluring, the term House Hacking is one of those catch phrases, at the end of the day nobody wants to be an investor who landlords via a connected wall, it's out of circumstances presented at that time in their investment career.

I could honestly say it was the best decision I made since leaving college and taking steps towards a future I am capable of creating.

This exceeds what the property cashflows for the new owner, by the way.My point is, you create good deals by talking to all parties involved and solving problems.