If I back out the most I loose is $200.  

@Harold ValenciaDon’t panic .. hang loose and give the legal notice your not renewIng the lease Before Its up.

Sometimes when they move out they forget about their unregistered firearms.Another point i'd like to make is you can make or loose money in any market.

If the tenants destroy the property, then they could loose their benefit (at list that's what the Sec 8 office told me I never experienced it) Also Landlords are allowed to give surprised visit to applicant's current resident prior to approval and if the property is kept in bad shape or they don't allow you to enter and inspect, then you can decline the application.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Sometimes when they move out they forget about their unregistered firearms.Another point i'd like to make is you can make or loose money in any market.

He traded property that he was tired of managing that he paid 20k for that is loosing value plus 100k in cash.

What is the best way to go about raising the rate to create more cash flow without loosing tenants?

Do you guys think that I am being too conservative or are others just being too loose with their money?

In a small number of those cases you may loose a bit of money evicting someone that would have otherwise paid most of the rent but it will pencil out to a higher profit margin over the long term.