If the driveway- garage differential is big (for example, the driveway slab is sunken and you need to raise the house, you'll end up with an even bigger gap after repair) you might need to replace the driveway. $$$$8.

Raise the rents to market values and rehab to force equity and sell in 2 years to avoid capital gains.

Basically, you raise money from investors at either an interest rate or preferred return.

 at AT the end of the current lease for the rental property raise the rent to full market value.

I am currently looking into the DFW metroplex as I was born, raised, and also live here while I finish my degree at Southern Methodist University.

They can raise their rates whenever they want and each time they do it is a double whammy. 

.), which raises the value/rent.

I'm assuming that means I need to send a letter to the tenants informing them that we will be raising the rent and then have the new lease take effect at that 45-day mark in the future.

At a minimum decide you need 6 more months to raise capital or 2 more months to research the specific REI strategy you are considering.  

Almost to the point that it might raise a red flag.