Putting that amount into it will only increase the loss.

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

With the increasing number of lawsuits and penalties for TCPA violations, I'd like to cover my backside and remain compliant.How do you scrub your lists to ensure you’re not contacting people on the Do Not Call list?

Keep in mind, adding "cute", and upgrading things won't increase your rent or ARV past what the market in that area will tell you is the max. 

As an example, our request for rent increase that was submitted in Sep 2023 has not been processed and may never be processed.

I was on a CA Senate sub committee in the mid 80s that was dealing with what we called antiquated subdivisions as you know CA has millions of those type of lots ( think High desert north of LA..  )  And the situation in Le high and those areas was that if you got got close to full absorption of those lots there was not nearly enough infrastructure ( especially roads) to handle these but to get them approved in the 50s state did not care they wanted to attract people to the swamps. :)

But once I got the bills, I increased the rent with the tenant's approval and signed an addendum to the lease stating the rent increase would be X and the owner would take over utilities.

Anywhere that one can buy properties for under $100k is very unlikely to have the rent increases that you will need over time to create positive cashflow, or the price appreciation that you will need to make this a profitable endeavor.

When you save up enough capital, slowly increase your portfolio.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.