He's also an active investor in the area.Agreed, if you can raise your rents from $800 to $1500, you'll be making a few hundred bucks a month.

I now know I need to raise my credit score a few more points and raise the 10% down payment amount for the bridge loan.

I listened to too many people saying they don't raise rents on good tenants, including a few of my California friends who have kept the same rent for 10 years, their reasoning being I bought the property cheap in 2008.

We really stretched ourselves thin. we did not perform our own inspections because we were busy raising finances .. and our agent insisted we use the same company who did the initial inspections to “get a report in our name” .. we went for visual inspection with our agent and found the master bathtub was  upside down — they said there was a chip and seller was fixing the tub.

Purchased with a tenant in place as a 13 net cap, but once I raise rents to market in a few months it will be 18 net cap.  

That’s their job.3) If you are below market rent you raise it to that.  

Wherever possible, raise questions for any doubts you may have.

Currently, I am listening to all BP podcasts about raising private money.

I've raised and torn down single family homes, gutted condos, and five and six story buildings.I can tell you that owning the land and the building allows you to have options.

The 3 tenants, all 2/1 property, had leases of 800/700/700, he said they were raising all rents to 800 as leases came due.