Right now there is no sign of flooding or anything, but just wondering if that is a positive thing or negative thing to the property?

The polarized extremist nut jobs on BOTH sides seem to have taken the steering wheel and one is yelling to drive us off a cliff the other yelling to drive straight into it and us sane people are just in the fetal position rocking back and fourth trying to wake up from this damn nightmare that the crazies have broke out the nut-barn and took over......Careful the BP gods will remove your post.  

Turns out there were other posts in that thread which also tested positive for AI...

Hi Austin, With the leverage and DSCR ratio mentioned you should be in a solid position.

I did consider a HELOC but felt it may stretch me to an uncomfortable financial position, all things considered.

If you want more local things, I'd check out meetup.com and find a local charlotte group, I'm positive you'll find some

It has positive cash flow of $150/month.

I truly want to help good renters out where/when I can.What is considered a reasonable amount of time for an increase (would be 10% increase), w/o putting my self in a position of trying to catch up to market rents at some point in the future.

Anything you do to accommodate your tenant is a positive thing.

Hey Meghan, Someone like you in your position might find success in buying an existing property management company rather then starting one fresh.