I would pretty much immediately raise the rent even with the risk of losing that tennant.

When the market turns again the investors with no equity will be the first to lose their shirts.  

But you do need time, the seller's cooperation, and money that you're willing to lose if you go through all of that and get denied.  

It could come in higher but that would mean your rents might be too high then you would lose tenants and then you would be up a creek without a paddle.

if original landlord does not have a move in checklist and inspection report, then you take one when you take ownership. you wont be able to charge for damages prior to your ownership. if there is a report, you can charge for damages (not wear and tear) but be careful if the report is incomplete or not thorough as there is a higher chance you could lose in court if it went that far

Those over leveraged will be in hot water when they lose income and tenants have no means to pay mortgage.

Got to think there are safer bets out there.. and it really depends on your financial situation and your stress meter some folks would stress out and lose sleep, others this is just water off a ducks back.. 

My goal is to generate enough monthly cash flow so if I were to lose my day job, I would have enough to cover COL expenses.I am here to connect with people, share my experiences, and get feedback from the community.

If we can’t use the lose would there even be a need to do a cost segregation?

or can she afford to pay the mortgage and then give you a little more towards the equity you are losing?