Obviously I plan on increasing his rent to market value and switching utilities but hesitate increasing it past 20% due to the fact that during our walkthrough he seems like a solid tenant with a very well kept unit and even bought his own washer and dryers in the unit. 

Hey @Eian Trenkle, I'm actually dealing with the same issue on a STR of my own.

They then just copy that ad and send it out to their own email list for $510k.

Then you should have nothing to worry about.For many years now we have been telling investors to use their own expense deductions when calculating a return on investment.Our marketing team only quotes the “hard costs” as in - taxes, insurance and property management fees.We suggest discounting another 15% from the bottom line for maintenance and vacancy but I’d much prefer for everyone to OVERESTIMATE the expenses and UNDERESTIMATE the income using their own calculations.If the numbers work out then, the investment might be worth pursuing further.Classifying areas can sometimes get convoluted.Since I wasn’t born with a silver spoon in my mouth and consider myself a working class guy, my perception of B class might be someone’s of “Z class” lolMy advice to all is to visit town and see the areas for themselves.I’m confident they will be impressed.Especially if they have already toured other markets with similar price points to ours.Real estate is a rollercoaster of a ride and as much as we want to make it hands off/passive.

I've been fascinated with real estate for nearly a year and made a promise to myself that I would own my first multi-family at the beginning of 2025 and utilize my current time to look for deals and educate myself.

I own a medium term (30+day) rental in Pennsylvania.

I owned a hard money lending company for 10 years that we built from the ground up.

Investing in real estate is exciting and needs learning, meeting people, and a strong interest in areas like owning multifamily, fixing up and selling, renting out, and contract flipping.

Otherwise, they will screw you for their own compensation.Inspector: You want an unbiased and competent professional that will properly do their job and document it.

Rents have increased tremendously since our area got hit by Hurricane Michael, we had a vast shortage of rental properties, and prices went way up!