That could really effect what you're able to build as far as structure and density are concerned.

However, when they do contact you they require all of the properties you have done and related entities since the law took effect."

Warran Buffett: It's a way, in effect, to short the dollar because you can take a 30-year mortgage and if it turns out rates rise, the other guy's stuck with it for 30 years.

And Mel Watt is now the effective head of both.

Efficient and cost effective strategy.

Do you have a local rent control ordinance or law in effect that you need to consider before you try to bring up rents to market value?

I understand that it may be subject to each individual investor, however, is there a "standard" that you have seen exercised?

This will be only my second rental property, so I am not sure if I am "doing it right" but it seems to make sense to me.The input here so far has been great, I am not sure we will do this deal, but it is a good exercise and the closest deal I have found in the money so far...

I was actually going to offer each tenant their current rent for a full year if they sign a new lease with my property management company effective the date I assume ownership.I figured that would be a good incentive to avoid anyone moving out due to worries about the change in ownership.

I was not a very effective property manager; it is a very specific skill set.