First Investment Property

[Carlos Chavez]

Hi,

looking at a property at 60K, rent should run at about $700 a month. The property has tenants that have been ling there for 8 eight years, and they're looking to stay, although the rent they're paying is $550. 

If I keep the rent they have, I will be breaking even on and will hardly have any cash flow, is it worth raising up the rent cost with the possibility of loosing the tenants?