If the place could rent for $1400 a month and they are paying $600-rip the band aid off and increase it to $1000 starting Jan 1. 

Funny enough, I worked with a  legal aid organization on the tenant side at one point as well.  

Dr. Padda grew up in India during war and uncertainty. He moved to the US when he was 8 and started his first business at the age of 10 selling cards door-to-door. At 16, he had a team of 30-year-old men working for h...

Weird that you can deny someone based on a personal healthcare choice that you can't legally ask about....

@Peter Walther Kimberly Amadeo (retired, writes about healthcare) gets the #1 reason wrong. 

My question is, should I try to wholesale this property, move on from it, and use that profit to aid me on my next investment, or should I go forth rehabbing and refinancing this property to start my investment portfolio?

Or, you rip off the band-aid and if they leave then so be it.

Rip off the band-aid!

However, the exemption doesn’t apply if your building is a i) Professional office of a health care provide ii) Public transit station iii) Airport passenger terminal iv)Shopping center or mall ...

This state has plenty of Legal aid representatives who sit right at the court house just waiting for tenants to come through the door looking for assistance.