Over time, raise the rent to see what the market will bear. 

Likewise, the Fed will not hold interest rates high for a prolonged period of time (but the next couple of years will see them elevated I guess)… In the short term they will continue to raise them to continue to combat inflation.  

Appears this may be a C/D property problem disguised as a TP issue.The point of my raising the fact that I replace anything that is broken is to suggest that I’m not a slumlord…I do take pride in what I do and I respect and try to keep up with any repairs in a timely manner.

hi, stick to the lease. it’s his responsibility, he sounds upset because you raised the rent (if he doesn’t like it, he’s welcome to vacate) 

Have you raised your rents each renewal cycle to at least kept up with the inflation of your variable costs of taxes and property insurance?  

You can certainly raise money but I wouldn't recommend this for out of state investments as your post suggests.

So I’ve since blocked off the third floor on one side and rented it as a 1 BR for now. but when the other side leaves eventually I’m starting to lean towards raising the ground grade 28” so that the total drop is less than 20’and then I’ll knock down some walls and make the whole 3rd floor attached only to that last unit so that the whole area can use the stairs and that window as second egress. 

I think super detailed stuff like tax law is interesting, and I have plenty of experience with 1031s and SFR investing, but a Turnkey operator on a forum shouldn't be your tax advisor ;) Sorry to raise your hopes and then dash them - I will speak more carefully in future.All the best,Clayton

It can raise your cost if not planned for. 

Every year, my taxes kept raising higher and higher.