It makes it much easier to get tenants to pay for their utilities (they can put the utilities in their name).  

You should also add 1-2 months of lost rents due to repair time and marketing to find a new tenant, and your carrying costs (prop taxes, insurance, utilities, mortgage, etc.) to this amount.How many months will it take you to recoup that amount via the higher rent amount versus whatever increase the current tenants agree to ($1150 - $825?)?

I will have some support from my family as well to utilize gifts from family.

For more powerful financial software you can utilize Quickbooks, with much the same inputs but much more flexibility and greater detailing.  

I utilized them for my LLC creation!

Then you can utilize her money later to grow the portfolio faster once you have demonstrated success.

Any way you could "Meter" out the units to put utilities in their name?

Or maybe we can utilize a DSCR loan.

For those who have explored or utilized such financing options, what has your experience been like?

Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters?