You're not factoring in other expenses such as repairs, capex, maintenance, utilities, etc so that $200 could be $800-1,000.

The logistics and legal workings to do that would be massive and not worth the hassle, more than likely.So what Ron noted is the best option.  10% might not be the right number based on a ton of factors: not just the excess land, but similar. 

Every landlord experiences non-payment and vacancy at some point but its good that you haven't had any issues thus far.Aside from being your friends, what other factors make your current tenants relatively easy/stress-free to rent to? 

Hi Nick - While that does sound a bit high at face value, as others have mentioned, there are a number of factors that could influence the rate upward.

I explained this to the client and that it was not good move to buy the house due to all the factors and she would not make money due to the purchase price and where the true ARV was for the property. 

Curious how everyone here handles timing on dispositions going into winter in the northern states where snow becomes a real factor.

Instead of “trading up” our lifestyle every time income increased, we saved up and bought more rentals.

What I would factor in:– Tenants stay longer but are more payment-sensitive– You’ll win by keeping the properties very functional, not fancy– Vacancy tends to cluster by season; budget for it– Repairs are your real wildcard, so front-load your improvementsIf you’re planning to own for decades, you’re thinking exactly the right way.5.

It fluctuates based off a market and other factors so I would target finding comps.

You clearly have factored this in already.