I essentially have the renter paying back the loan, and then, once the loan is paid off, I will raise the rent.

As a new owner, I can not add banked rent raise from the previous landlord?

and I'd raise it a hundred and win.

I also raised the rent to $800 each unit.

I'm looking to possibly find a property to flip and raise capital for future buy and hold properties.

For example, one of them being a $43m raise on a 330-unit class A multi-family development in Houston led by Guefen Development, Target IRR 22%, sponsor co-investment $921k, $25k investment increment, target hold 3 yrs.I’m deciding between utilizing Crowdstreet vs doing a local PE raise but a lower target return rate of 8-10%/yr but with a 7-yr target hold.QUESTION for the Bigger Pockets crew: who has hit the invest now button on any of these crowdstreet deals and what has your experience been with it?

Flip properties or add value/refinance/reinvest or raise capital and purchase properties. 

How does raising rents work?   

What raised the red flag for me was the instructions to make it my primary residence address.

@Michael Lawrence in regards the insurance, you will want to get your own quote to put into your financial model for several reasons;1)  The insurance market has started to raise rates in late 2019.