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.

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

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

Not a bad source but the leads weren't as good compared to the early days.

The only way to ensure a reliable rental income is by having a dependable tenant occupy the property.

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.

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.

This is about are you going to get motivated seller leads reliably, consistently, and predictably.

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