I highly suggest against that and just doing one larger rent increase to $1000, but if you are only trying to do one unit at a time, make sure you don't try to make a drastic increase to all 4 tenants if you can't afford for all 4 of them to be out at once.I'd consider showing them some data on comparable rentals and let them know you are trying to improve the building by renovating the units.

To begin, I am considering renting my primary home because the loan is at a low interest rate, and the cash flow, based on comparable rentals in the area, is promising. 

Compare and contrast:My long term portfolio is largely remote from me, whereas my STRs are within minutes.  

- **Market Analysis**: Gather data on the local market, including comparable sales, average days on the market, and trends.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

STRs have very substantial tax advantages compared to other strategies as long as proper tax planning is done.Let’s start by getting an understanding of how rental property loss recognition has evolved over time.

Asset Set-up Fee: I've never seen this, but its fairly small compared to the other fees. 

If you are charging market rent, the rent you will lose for that 1 week of occupancy would afford you the ability to rent a comparable property on the market without the need for any of this kind of nonsense. 

If you don't have the 5% down payment then you can do a HELOC on your current house to do it, but it will at least be easier to pay back compared to a 20% down payment on an investment property.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.