You can either make your new lease expire at the same time as their old lease - so you can modify your rental rate then; or you can bake a new rental rate into your lease at the time their old lease would have expired - so something like "Through X date your rental rate is the old rate, and beginning the next month your new lease rate is X $ more.All the best!

Real estate always goes up with time unless the area turns on you, for example SF.

@Chris Seveney Yes, plenty of times and have much experience through work/career, just looking to do this on the side for myself now. 

I’ve been at this a Long time, and almost all these people bragging on how they made money anticipating the last crash (or boom) get the next one COMPLETELY WRONG.

I think the listing price isn't competitive enough to put the risk factor that might cost big or small.

We might have 3 offers out at the same time, subject to.  

The seller was a foreign landlord who was behind on a few years of taxes, and the property was in C5 condition at the time of initial appraisal.

This question is for my Realtors whose niche is first time homebuyers!

If in Texas and if doing them correctly.The reason for this is a note is needed (and deed of trust) to allow a remedy in the event of default and to also solve DTI issues for the seller (by showing a new lender the note and timely payments).I hope I do not get BP crucified - it is just the way all attorneys who know what they are doing in Texas do them.Stay safe out theirAlan

But still found it odd that they burn employee time for no water usage.