This is just my take, so take it with a grain of salt.The only people who ask if I am a "private landlord" (that phrase specifically) have turned out to be bad news.

Even if the number of people abusing these programs was 50% - which I don't believe is anywhere near the case - the total dollar outlay would be a joke compared to virtually any other federal program costs.3.

Denial ain't just a river in Egypt" exactly Jim.. model would never work then will never work in the future.. this is all hands on deck investing.. and not at all appropriate for the busy professional looking for their financial freedom number.. what a joke that say is anyway in my mind.. in the context of low end rentals.. its simply a business with your inventory being houses and your revenue being rent.. 

'The check's in the mail' is a bad joke for a reason.

No joke!

He was the only regular before I showed up and his jokes are better than mine.

I also joke with them and always refer to their rental unit as THEIR HOME and not mine.

One phrase in the excellent answer by @Ashish Acharya can be misunderstood:"Repairs do not have to recapture when you sell the house too."

How can I phrase it to incorporate possible rate increase?

When I do some napkin math about Milwaukee I figure we have about 8,000 leases signed every month.It's a little like the joke about running from a bear, you don't have to run faster than the bear, just have to run faster than your friend.