Conventional financing would not apply.

This does not apply in near term for you.  2) appreciation.  

You should check into if rental control is in your area and applies.

The city is good about requiring them to apply for assistant programs available

As the home sits right now it will cash flow about $100.00 to $150.00 a month if I self manage it due to tax hikes and the homestead tax credit not applying after it becomes a rental.

Commonly, they apply standard percentages for expenses like property management, maintenance, and vacancy rates.

Instead of spreading the "pain" on all, you look to different factors so can effect a smaller universal price increase, and start being more focused on the other price increases to be a burden upon those specific customers that it applies to, better known as a fee schedule. 

If I am incorrect, you probably need to pay the mortgage anyways since they can now foreclosure since the property isn't owned by a veteran anymore the SCRA shouldn't apply and even if the lender doesn't realize it it won't apply forever and you'll eventually need to pay it PLUS the amount is rising with interest, fees etc.

I know I mentioned FHA loan, would the same rules apply to a different loan?

Some of the Yellow Letter information applies and some doesn’t.Experience and reading through some of the more technical information on finance, real estate and marketing discussed elsewhere on BP is the only way to move from beginner to a level where you can earn a sustainable income.