If you would like to continue the conversation, DM me and i can share with you my experience.Gino

Anyone remember the podcast from a couple of years ago where the guest talked about how he goes about raising rents when he inherits tenants who are paying well below market valueHe talked about making up a folder of his expenses as well rental comps and meeting with the tenants and having a two-way conversation about where to set the rent. 

Again, the issues here would be if those properties were structured incorrectly or filed incorrectly....but I think it would certainly be worth having a conversation with a different lender about it.

Conversely, if a deal falls short of this threshold, it's prudent to pass on it and wait for opportunities that better align with your investment criteria.

Here's some food for thought to get the conversation going:Finding the Ideal Property: What are your tips for spotting a great house hacking opportunity?

I didn't buy anything and I tried to have at least one good conversation at every one.Hope this helps - happy to help further.

Have that conversation with them and any new tenants at the signing of the lease.

I've had great conversations based on similar concerns with my local appraiser.

Rental rates are pretty strong too if you wanted the option to rent it out down the road.Like I told my friend in a conversation recently while we were discussing home values...

Conversely, I want to take that money and drop it on a Single-Family Dwelling in New Jersey (where I currently live) and then rent it out.