If the tenant is a D class tenant that is undesirable and I think I want to move them out, then I am not going to show a lot of rent increases from year one to year two, because I know once I start enforcing the rules, these people are going to leave and I am going to have vacancies and have to clean up those units and bring new people in.

Other problem is the 3rd floor has electric baseboard heating which may not mater if I decide to seal it up.The 2 units are both in very clean shape, totally turn key, however the home is wired with knob and tube which would normally be totally removed.

The city is still in clean-up mode as there is much work to do.

As an investor, the main concerns for me now are, is this place affordable for a family, is it clean, is the area desirable, how much can I rent it for?

One unit was a clean 1 bed 1 bath with long term tenants 3 years and the other, which i intended on moving into was a 3 bed 2 bath thrashed!

It is the reason that people tend to 'cheat' first before cleanly breaking off an existing relationship and Then moving on.

Balance your raise against the amount of work it might take to clean and get new tenants in.

For example, when a tenant is moving out and they keep a clean neat place.

If the lender is willing to work with him, there are some other options that could clean this up.

I am currently learning all I can with wholesaling and I plan on doing this for a year while cleaning up my credit.