Some places have restrictions on the % you can raise rent. 

In most cases, here are some universal tips :buy for cashflowbuy value-add as it helps insulate risk as a newbiebuild a team in areas you are weak in or do not want to docheap multifamily will typically rent to low income tenantscheap multifamily will have bigger renovation budgetscheaper price fees and large unit count portfolio's do not equal a good property managernever assume anythingpartner upand if raising capital, raise early as @Taylor L. so equivocally mentioned.

Post crash no one in power wants to be the bad person and raise the rates and that is why they have stayed low since. 

Raising capitol for real estate by Hunter Thompson is a great place to start.2.

Nice looking structure.I did a quick mockup with a raised front wall.Might not bring higher rents, but maybe a better renter (???)

I understand there will be a few more grand in refi costs.I'll do a cash-out refinance and pull up to $60k out without raising the current mortgage payment.

They should have started raising interest rates at the beginning of this year but instead went for another year of quantitative easing so its already a bit late. 

If you put all the cash flow back into your HELOC it will be paid back within 70 months or 5.83 years and from that point on your minimum cash flow will then be $1305.00 a month assuming you haven't raised rents. 

Originally posted by @Kaylee Walterbach:Two words: carpet baseboards...I'll see you your carpeted baseboards, and raise you a carpeted bathroom. 

Correct, we can increase the rent every year, however, rent as long f mow is $825 and it was raised this past September.