It's nice to have lofty goals BUT you need consistent income and savings.

If you want to be generous about it you could tell the tenants your operating costs are consistently going up (which is true), share the current comps with the tenant, and ask them what kind of increase they would be comfortable with.What are peoples’ thoughts on where rent’s should be set or the best way to get them up if you fall behind?

However, because Shellpoint has CONSISTENTLY FAILED to properly credit my accounts over and over, it is a non-stop string of emails stating I am past due, blah blah blah.

@Dave Rav - I agree with the others that there is no really good way to estimate insurance costs, but I've found some consistency within a particular market/zip code if the rebuild costs and deductibles are the same.

Either a single family primary home on a double lot for us to build an ADU or a multifamily property consisting of a duplex or triplex.  

Just learn how to hit singles and doubles consistently.

Obviously based on your FICO, but seeing 6s pretty consistently with some programs with qualifying FICO/values.

Maintaining a strong and positive relationship with borrowers involves clear and consistent communication, setting realistic expectations from the start, and being transparent about all terms and conditions.

Your concerns will likely be less with the tenants and more about learning things the previous landlord didn’t handle (deferred maintenance, whether the tenants pay on time consistently, etc)all the best!

I’m currently facing a similar situation and realized that I wasn’t using the right resources or consistently marketing to a single, optimized list.