You cannot also raise over 10% in the State of Connecticut, which could be considered an unconscionable rent increase.

It will depend on the amount of security you are offering, the attractiveness of the interest rate, and your ability to raise cash, among other things.

I'm new to the area, so testing fix/flip market.  

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

The unit is free-market, and I haven’t raised the rent since they moved in back in 2021.

My plumber went and discovered tush wipes sitting ON the toilet tank while trying to test the toilet.

The second piece is whether or not you pass the Material Participation Tests found in IRC 469 and the third piece is whether your participation rises to the level of Substantial Services (think hotel, B&B).4) My CPA Says I can't deduct a loss that was generated! 

There are seven tests, however the most relevant tests for STR investors include:Perform substantially all the work related to the activity.Participate over 500 hours during the tax year.Participate over 100 hours during the tax year and no one else participated more.If your property meets one of the exceptions above AND you meet one of the above tests, you can qualify to treat your rental activity as non-passive.

You are seeing it already, the nicely renovated units are having to compete on price with vintage units, because we are in a market where a lot of people are worried about their job prospects, not anticipating getting raises, on top of groceries costing 30% more than they used to.  

Tenants told me seller had tried to sell to investors before but after meth test came back positive they were going to drop the price significantly.