Increase them to what you think you need and let the tenant object if they want to. 

Am I out of luck here and have to pull out, or can I explain this to my lender and maybe they can make it work?

Call your bank and explain the situation.

You often have between two weeks and a full month to either return the deposit or send a letter explaining deductions.

thanks for the explaination!

I hope this helps to explain my thought process and again I both welcome and appreciate the honesty and any advice. 

I think if you explain to the tenant, why you're increasing the rent so much, they'll understand.

So few agents and investors understand the purpose of a title commitment and what the investor should be looking for and objecting to (See Sch.

Hmmmmmm  That would certainly explain the extreme response from the guy who posted right before you.Ill still lend to Johnny Drama and Turtle though. 

How do you approach someone who's living in a $1M house and driving his-and-hers $$$ cars and explain to him that the fact that his wife is endlessly determined to prove to her own mother that she could have more kids and turn them out better on Sunday by documenting it on Instagram is the main thing holding him back?