I've done drastic increases before where I purchased a 6plex where the tenants were paying 700 opposed to 1550 being market rent what I did was i gave everyone a letter saying their rent would increase to 1,100 for 6 months and they would be month to month so they would be free to move at any point  because at the end of the letter i put that after the 6 months their rent would be 1,300 for a 1 year lease after that and all 6 tenants stayed. 2 years later everyone is near market and only one moved. 

If anyone has questions, stories, or advice they would like to share, feel free to respond below.

I hope that this helps somewhat, but feel free to schedule a time with me and we can go more into details.BTW,  I have a meetup in Irvine on 4/20 @ 10am (Pacific) in Irvine. 

Feel free to reach out anytime with any questions .

If don't do a 1031 exchange and decide to pay capital gains, I would have about $450k free of taxes (this accounts depreciation and other costs).

Best of luck, and feel free to reach out if I can help!

So $30k plus any state income taxes leaves you with $150k+ after paying off mortgage.You can certainly do a 1031 tax free in to a new rental.

No matter where you live or where you own assets, I personally recommend the Series LLC to be a great tool for the individual investor who is planning to expand their operation, as it allows for you to scale infinitely for FREE.

That's why I am paying for ChatGPT4, which has about 10x the inteligence of the free 3.5 version and make it a point to use it on a daily basis - basically to train me on how to use AI.

Then, I'd offer some free insights or advice tailored to their situation.