I work in a very stable industry and my company gives a raise between 4-8% every year so my income stream is a minimal concern.

Raising Private Capital - Matt Faircloth6.

Raising capital sounds really fun!

I have zero specific knowledge of this other than knowing someone who has a house with a video game addiction program out in the country where no one knows and no one cares....but my gut says you would have zero chance of doing this with a townhome lease because on top of every state, county, city and ward issue you will need to navigate, you have the homeowners association and very close neighbors who will raise holy hell.

Can you raise the rents to 850 or 1000?

It becomes more problematic, if you will also be raising the rent when you are able to. 

Im planning on getting into wholesaling to pay off student loan debts and to raise capital to move into rentals.

I immediately called the listing agent directly and within the hour we came up with a full cash offer with only inspection contingency.I also inserted an escalation clause to raise offer price to $374,000 if seller received any other cash offer over full price.The next morning,there were multiple offers and the seller had decided to go with another offer.This is the terrain.This is the climate.It's a far cry from 2013,Joey!

Assuming the units are at least 2 bedroom / 1 bath, you likely will be able to raise rents up from the $1066/mo average over time.  2 bed/1ba units in the area should get about $1200-1300/mo with rental grade finishes. 

Pretty much everything I’ve purchased has been initially negative but through raising rents year, value appreciation, debt pay down, etc there are many solid investments if you hold long term.