Ohio four plex multifamily - What numbers to use

[Tommy DeSalvo]

And I'm back to the forums with another deal. This time it's an off market 4plex. The owner is an older gentleman that is trying to sell off his properties and retire peacefully. He hasn't raised rents in well over 10 years, and this is the part I'm wondering about. His units are $75 under average market rents. At the current rents, the numbers do not meet one of my metrics - $100 minimum profit per unit per door. However, with a $30 raise per unit, it does meet that.

Now, the question is: Should I use his current rents or the raised rents? Can I use the $30 raise or should I run the $75 raise? How often/how much can I raise rents in Cincinnati, Ohio? Should it be gradual, $25/year? or just up it as much as possible to the $75 as the units turn over?