Bump them up close to market rate, but consider keeping it 5-10% below market as an incentive for them staying. 

I stopped trying to personally figure this out after just bumping prices up and up over COVID and went with a revenue manager. 

But being that they may see the insurance change it might pique their interest in that change … you can always ask them - most banks will gladly advise you of their policies regarding such items 4 plexes are attractive acquisitions… I’m not sure I would bump it to five if it were me.All the best!

If the sale with wrap was a good risk/reward investment it will be profitable, dispite any “bumps” along the way.  

I hope there will be some changes after November but we will see.Even with all these speed bump I still want to invest in CA vs OOS.

So will have to get a loan and be creative with the seller's carry to make it work then bump rents and I should get around a 2.6 DSCR but yes I could play with it a million ways.

Thus, a few bumps (stress, research, cash) later, now all are solid performers.

Be prepared for bumps in the road.  

It’s been a while since I’ve posted - quick update:- Purchased condo in 08/2021, fixed it up and it’s been fully leased since 11/2022- Purchased 2 unit in 10/2022, currently living in one unit and renting the otherI’ve gotten my feet wet, bumped my head, learned a lot - but ready to add to my portfolio.

It doesn't add a ton of cashflow, but $50-$100 / month for a space you don't really have to maintain or market much is always a welcome bump to an already good deal.