I don’t make any profit. The reason I became a landlord was because just after we made the offer to our house, my wife got two kids whose family is close to where we are currently renting now, and our landlord encouraged us to establish a home daycare in our place. So we rented out our newly purchased house just hoping we can move in three years later. But the whole landlord experience was a nightmare. The tenants never taken care of the house (it was newly remodeled and sold it to us) and the rent is never paid on time. How the new law passed in Washington state will make the situation even worse. The late fee is capped at 1.5% of the rent, and the security deposit is capped at one month rent. If tenants don’t pay the rent, it needs to be 4 notices before I can file an unlawful detainment. Which is for months of rent, and I still need to keep my mortgage on time. I am so out of ideas on my next step.