The property is a 6-unit building in Los Angeles.Given the significant difference in current rents vs. market rates, I'm looking for advice on how to legally and ethically approach raising the rents to reflect market value, should I decide to move forward with the purchase.Some additional context: even if I were to negotiate a better (reasonable) price and were to successfully evict a tenant who is 5 months behind on their rent and charge the market rent for that unit I'd still be -$600/month. 

I appreciate your enthusiasm and admire your work ethic! 

Could be perceived as an Ethics or Fiduciary violation... 

Major issues, numbers just aren’t that good, hiding something and wholesalers aren’t bound by the code of ethics to disclose issues like agents are etc… We also have a competitive off market, market.

Always a good sign of a legitimate and ethical business.

I’m just happy to do my part for those who weren’t lucky enough to be born with my work ethic.

Here is the NAR (National Association Of Realtors) code of ethics standard of practice defining a client and a "CUSTOMER".

And by looking deep into this or advising a client to not purchase a property along those lines is an immediate breach of ethical guidelines and violation the Fair Housing Act.

For some things you need to use ethics and just common sense to decide to do it or not.An example.

What we share are ethics, integrity, and a common goal to be investors.