I haven’t seen this anywhere in the AOS.

Those who do, are usually no more than 60% LTV and higher interest.Lastly, you cannot self-manage 401k property.

While I dont invest in Ashburn, many of the locations I do are very similar (Rockville, Silver Spring, DC) and I can firmly attest I cash flow comfortably....and cash flow more and more as the rent grows each year.

Now as to what you should do with your property: If the numbers make sense which it sounds like they do (are you accounting for CapEx, Vacancy%, Property Mgmt, and Repairs?)

I would like to have a good relationship with my tenant but at the same time I don't want to think they can take advantage...has anyone come across a similar situation and what did you do?

Bottom line, if it is in the lease (and the lease is appropriate/legal) than its fair game, but what you can do and what you should do are not always the same. 

Hello Allison, Seja bem vindo ao Bigger Pockets!

I have asked around to a few construction companies but I feel like the information I am getting is very general and the renovations they want to do are a lot more involved than what I need.

Deste modo, as alterações dão uma proteção extra aos inquilinos com mais de 65 anos ou deficiência igual ou superior a 60% que tenham celebrado contratos antes de 1990.Esta proteção aplica-se nos casos em que houve falta de informação ou de resposta às cartas de atualização das rendas, quando entrou em vigor o Novo Regulamento do Arrendamento Urbano (NRAU), e que viram o seu contrato a passar para cinco anos, correndo agora o risco de serem despejados.Se os inquilinos viverem há mais de 15 anos na casa – o que poderá ser comprovado por atestado da junta de freguesia – o contrato só pode chegar ao fim se a casa for demolida ou sofrer uma obra profunda que obrigue à saída de quem lá vive.Há ainda outra medida que visa proteger os idosos e deficientes, nomeadamente aqueles que assinaram o contrato de arrendamento entre 1990 e 1999.

When we started doing these we mainly did assignments (we no Call them AO for Assign and then we're Out).