Closing on First Deal in Syracuse NY, it’s occupied, lease help!

[Emmanuel Longo]

Hello BP Family! Closing on my first Multi-Family Deal in Syracuse NY and it’s currently tenants occupied. The property has 2 units both with expired leases as we near closing, the current owner dId not want to issue new leases while the property was on the market. The current rent is below the market average. I was thinking of offering a new lease agreement with an increase but I’m concerned they would vacate. Not the way I want to start my Investor career. The property will cash flow with the existing rent roll but I’d hate to lock in a tenant when I know we can get more. What are your thoughts BP community?