Offering current tenants a better rate for a year is a thoughtful approach that may encourage them to stay while still allowing you to increase your overall revenue.

@Ariel GonzalezHey don’t despair.It’s a tough market out there.In most cases, seller pricing expectations are still out of line with the current cost of debt.I’m proud of you that you just didn’t buy something to buy something - that takes discipline.It’s important that your first deal is a success or at least not a train wreck.I’d encourage to start small finding a 6 to 10 unit building and buy that with a few friends.

But I would encourage to you network with other real estate investors in your local market and find out how THEY do it successfully. 

I’d encourage you to just call it a “lose the battle, win the war” situation.

one would almost suspect intentionally so, to encourage business, lol.   

So would you want to be in a market that will encourage home ownership of renters, or in a market where it will be tough for people to buy for the next 10 years or so or maybe forever?

Corporate travel, divorce, etc. are other potential tenants.If costs in your market allow, I would encourage a duplex purchase vs SF...potentially 2 income streams vs 1 would help offset the extra cost of a duplex.  

We would encourage them to share the good, bad, and ugly so you can gauge whether we are a good fit for your investment needs.While it's true that many of our clients haven't directly come from this platform, I'm excited to be part of the BiggerPockets community now as well.

I encourage you to become familiar with them 

@Anthony Swain we have been encouraging and helping younger investors house hack for years.