Buying a Tri-plex with under Market Rents

[David Louthan]

I’m buying a truck-plex and the rent for each unit is under market value by $125-$150.  

1. What is the best way to raise rents?  The contracts all end at different times over the next four months.

2. Is there a way to force those contracts void as part of the sale? Is that a good idea?

I am at the beginning of the process my offer was accepted 2 days ago and I just looked at the place today.