If you are only increasing based on your expenses, you are way behind market and losing a lot of money.If I have an excellent tenant, I do smaller increases, but I still keep them within 5% of the market rate.

How can I build trust and credibility with potential investors when I’m starting out?

But honestly, almost all those vendors off that list were competitively priced and great to work with.Recommendation: if you know at least one credible vendor who's been in the industry a while, ask them for their list.

Partnering up or working with private lenders could be an excellent path, given your background and the experience you bring to the table.This community has a wealth of resources, and I’m sure you’ll find plenty of support and advice to help you get moving in the right direction.

I will be the odd one here again...Plenty of experts here gave you excellent advice on how to locate the owner.I am going to do something different.

OC may be terrible for cash flow, but it may be excellent for appreciation.

My market (Indianapolis) is an excellent one for this strategy and there is a lot of demand here for furnished mid and short term rentals.

But my response here is about Open Spaces) OS is excellent.

Could my LLC provide bring additional credibility (i.e., loan requirements) which directly affects the amount of capital received from the bank?

By resources I would be saying capital, contacts, soft skills, credibility, all of the things that help grow your business and start building a positive reputation.