You'll lose to inflation investing here over time if you are one of the very few that consistently cash flow. 2 - the place will be far from turnkey and will require thousands to get Section 8 ready.  

Recently came across a few good within my budget properties and do not want to lose the opportunity to invest and wondering how to go about the loans since I am not employed anymore and the lenders that I was working with for previous properties always ask me for employment verification and 90 days' pay slip.

I hope this helps at least one person from losing this kind of money.

For raising rents, you can do it gradually and possibly keep the tenant, or you can do it all at once and at that price increase you'll likely lose them. 

@Jonathan SotoStrongly recommend against this unless you can afford the assumption of losing the investmentBut here is where most go wrong.

And you know you lose a whole lot of square footage because of the roof angle, right?

Most new flippers lose money because they are not knowledgably in 3 areas What the sales price REALLY will be.

Meanwhile hardly any emphasis is placed on the loan administration and even more importantly the relationship component of lending.Far too many investors, particularly those just starting out, are being conditioned to seek out the “easy” lending choice rather than invest time and energy required to cultivate meaningful relationships with lenders who truly value the borrower/lender relationship and are interested in assisting you grow.

So again unless your flipping  I would look at the other metrix of the deal to make my go no go decision on top of that you probably have 1 to 2k at least into this and will lose that money and the next deal who knows if its as good. ?????? 

I would also consider that market rents had just increased and usually when getting into Airbnb arbitrage you are signing leases for 2 years at a time which could be the difference between you making or losing money.