The standard for raising rent varies depending on local laws, regulations, and rental agreements.

Have you considered a personal loan from a local credit union or from SOFI?

I'm local in Grand Rapids as well so feel free to shoot me any questions you might have and I'll help you any way I can.

Buy my first small multifamily house hack, ramp up my marketing as a Realtor by sticking to a social media calendar, and start a local REIA!

.  :-)But if you aren't careful and you are overly leveraged (especially if you are using cash out refi's every couple years to use as the down payment on another property), it is easy to see that net worth destroyed by the sometimes wildly fluctuating local real estate market.  

I also got feedback from two local Indy investors before submitting any offers. 

Good Morning Edward, Have you spoken with any local lenders down here on the Outer Banks?  

It is the tenant's responsibility to ensure that the unit is installed, maintained, and operated in accordance with all manufacturer guidelines and local regulations.

Local banks would be your next bet if you want something competitive but you would run into the same issues with loan value.

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.