I have rentals that initially didn't cash flow, but as rents increased they do. 

Even if your units are in great condition, most residents won't be able to afford a $200/mo increase in rent. 

However, you will need to pay the additional cost of securing a new mortgage.This is based on:* I added $600 to ARM to cover its additional expense (increases monthly payment to $5,104)* No prepayment, except all paid off at end of year 5 for both loansThese are the monthly movements, I hid a lot of rows for simplicity

Increased Rates for Lower Down:If you go for a 10-15% down payment, expect rates to bump up slightly.

As an MTR I can get $2,200 but I need to pay an average of $200 for utilities and an extra $100 for vacancy reserves (I self manage so no increase there).

A partner wouls allow me to do more deals to buy and hold as well as increase our cashflow.

It also seems with multifamilies in the northeast that rehabbed properties (multi's anyway) are experiencing significant valuation increases from rehabs. 

He texted me that he feels it should be included in the "ridiculous rent" he already pays  (this was an agreed rent increase with the previous landlord) and "shouldn't be a big ask".

So they lowered the values 20-30% and increased the tax rate enough so that year property taxes dropped a couple dollars and nobody complained.

Market in a MinuteEast Tennessee home sales increased 5.2% from the previous month, and increased 9.3% from a year ago.The median sale price was $374,950 — up 7.13% from the previous year.Total housing inventory increased from the previous year – up 43.2% from a year ago.Half of the homes sold were under contract in 15 days or less, up from 9 days a year ago.44.61% of homes sold for the asking price or above, with 23.72% selling for more than the asking price. 10.32% sold for at least $10,000 over asking and 4% sold for at least $25,000 over asking.The sale-to-list price ratio decreased from last month to 98% – down from 98.6% a year ago.New construction represented 13.28% of total home sales.If you want to nerd out on the market here I'm always happy to chat.