Best to call city hall for the town you are buying in to see what if any rent control rules are in place. see link below if you require additional information and call the Jersey City Landlord Tenant relations office. https://www.jerseycitynj.gov/cityhall/HousingAndDevelopment/...Jersey City CPI chart on recommended rent increases: https://cdnsm5-hosted.civiclive.com/UserFiles/Servers/Server...The state with the highest eviction rate in the country right now is South Carolina. 

These are professionals with additional training and a stricter code of ethics.

Does anyone know a property manager that supports small self-storage rentals in addition to residential rentals?

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.

Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.

With some additions, this would qualify for the OMG category, but I think they didn't have that category back then when it was on the market.

In addition to being illegal, if we had not caught this, (thanks Diogo!)

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

We are willing to provide additional documentation to support our request and discuss any potential steps to ensure a smooth and fair process for all parties involved.Thank you for your attention to this matter.

Additionally, since my parents are nearing the retirement age, I'd like to prioritize low-debt, high-cashflow deals.