Thank you @Michael Baum!!

Quote from @Michael Smythe: @Keon ShoularsWe’ve found a great way to raise rent is:Determine market rentShare the proof with the tenant (they can see it on Zillow anyways)Tell the tenant, given your rent is $x and market rent is $y, what do you think if a fair increase?

Quote from @Michael Smythe: @Nicolette YorkRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Michael, some really great points. 

Quote from @Michael P.: There is no middle ground with rental property. 

@Michael Baum Thank you for the suggestions.

Quote from @Michael Baum: Yeah @Mike H., I agree with @Collin H..

Quote from @Michael S.: @Samuel Coronado - appreciate the update. 

@Michael Elfant I most certaintly will.

Aside from the STR restriction situation mentioned by Michael, new construction is going to cost more than buying an existing property 98 percent of the time.