Also know that the housing market might not go up as quickly as you like...but honestly as long as it cash flows when you move out that is okay...I recommend saving up at least 6 months' worth of rents and having it cash flow at least $300 a month before moving out of the property.

Does anyone have brokers they would recommend working with for smaller (5-15 unit) apartment complexes in the Indy area?

I think you are making a bigger deal about this than it needs to be, and you could be telegraphing to your tenants to challenge/question the increase.Just send a diplomatic letter - no apologies, and I would not recommend concessions as that is antithetical to your balance sheet - detailing the increase and the timeline. 

Does anyone have any recommendations? 

I'd recommend speaking with @Matt Solis as well!

Thank you.It's not only appropriate, it's highly recommended!

This will be a great place to ask for a recommendation. 

Any and all recommendations welcome.

Recommend you have your Engineer do cost estimates. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.