You'll probably find plenty of opportunity to update the property and raise rents.

It doesn't seem like a lot but if you're looking to take your house-flipping business to new heights, it probably makes more sense to just find another Realtor partner who can take care of that side of things.This way, you can spend your time of doing the work that is more profitable - i.e. closing deals, managing rehab projects, raising money for more deals, etc.Best of luck to you moving forward!

I am Connecticut raised, received a degree in architecture at Wentworth Institute of Technology in Boston, Massachusetts, and have been living and working in architecture in Denver, Colorado for four years in June 2020 with experience in developer driven SFR, Duplex and Multifamily as well as custom single family residence design and project management.

If so, get with an attorney as you are not allowed to commission anyone not on the GP and certainly not based off a % amount of capital brought in...I would suggest if you are looking for someone to help raise, add them on your GP and pay them a consulting fee.The SEC is cracking down on commissions from what i am hearing.Hope this helps

Its much easier to raise capital when you have the tenant...

Send out a letter to the tenant to let them know you are the new landlord/owner of the property and you want to assess each unit to see if there is any fixer uppers needed and you'd potentially raise rent.

They then tell us that they are allowed to bring 1-3 animals on to the property, with out having to pay a deposit or fees, that we can't raise the rent. 

You need educate yourself on the market, types of properties, the entitlement process, capital raising and financing.  

Able to raise rents north of 25% Lessons learned?

However, if you want to raise the rent, that requires a 60 day notice.