@Joseph Vu unless you need to refinance or sell you don't need it assessed you could raise the rent now if you so choose, the market will be the judge of whether you raise it too much or not, there is no valuation police. 

I’ve seen enough people regret selling a few years later here on BP to at least raise the idea of looking at as many creative options as possible before pulling the trigger and selling.

They fit my needs at the time and enabled me to raise needed cash to pursue other types of deals.

Honestly, I wasn't necessarily looking to purchase the move-in ready property and utilize BRRRR, but as a way to begin generating rental income and start raising capital. 

The extra wear and tear alone would require a raising of the rent IMHO, thought if it were me I'd want to see them hit the road.

I am looking at a particular market that is very similar to Sparks Nevada PRE Tesla (in a state in the Eastern seaboard) that has a new High Tech employer moving (actually building a new plant from scratch) into area and is projected to bring 3200 high tech mfg jobs to area.I for example can buy Single Family in this area today while prices are still reasonable but would not be able to raise rents above the current local rent average until time that the new Tech Company's plant is up and running and employees have relocated to area from California.

Plan is to force appreciation through renovation, raise rents to market rates, and house hack one of the units.This will be my first rental property and wanted to see if anyone could offer any insight as to how to approach the rehab and exiting the current tenants.

So as long as taxes are raised, every year there is a change in the millage rate. 

I'm born and raised in Kenosha and know the Kenosha/Racine markets very well.

They then injected foam to fill gaps and further raise the foundation a total of 5 inches while adding more pressure to the helical piers.