As my Wife and I are currently learning all we can and saving to eventually buy our own multifamily to house hack, this in the meantime could present me with an opportunity to cut our rent back even if just a little.

How do you suggest I present the deposit & rent increase to the current tenants??

Presently, my full time job is with the Connecticut DOT, in the Office of Rights of Way, which handles legal real estate from project management to land acquisition, title work, document prep, closings and excess land disposition.

The inspector pointed out some issues with the house that may suggest that there were foundation issues present including some sloping floors, cracks in exterior walls, or poorer drainage.

I will spare you the nitty gritty calculations (FYI I have already refinanced) and present you with the choices.

They are comming after every cent that you will make that is not Tax-deferred or Tax-free. 

@Rick Martin - if you are a "cash" investor (as in someone investing outside of a tax deferred/free account) and there are cash distributions (which assumes net income), then you can offset through depreciation.

Depending upon the status of your  Student loans (i.e. deferred, forbearance etc.) would further determine if any of would need to be paid off. 

I was going to list the property for my friend, but they presented me with a price they would feel comfortable with and it was a price that worked well for my numbers.

They usually make sure we can get in, and introduce us to the tenants that are present and then leave.