This year the 8.6% maximum allowed increase is higher than the market rate increase.  

When financing these projects, keep in mind that some lenders may require a larger down payment or charge higher interest rates due to the increased risk.

Another consideration is if you are not full-time, consistently, without gaps or missed hours.

Their services increase the odds of tenants renewing and staying longer.Handling Evictions & Problem Tenants: A good PM handles problems quickly and efficiently.

Routine maintenance and unforseen maintenance costs; insurance rates (they are increasing all over), property taxes and vacancy rate.

January’s inflation report showed higher-than-expected price increases, raising questions about the Federal Reserve’s next moves and the overall direction of the economy.

Strong rental demand: With major employers like the Cleveland Clinic and University Hospitals, along with a growing arts and culture scene, Cleveland attracts a steady stream of renters.Revitalization efforts: Many areas of Cleveland are experiencing significant revitalization, which can lead to increased property values and appreciation potential.I can't comment on the Detroit market specifically, I have never been and have never done any research on it!

Was this an update to the unit that enabled you to increase rents?   

I agree with you that builders are increasingly buying entitled lots, it is a unique side of the industry. 

The builder had increased the fees by five times and was trying to enforce this through a lawsuit.