There are those who are either too confident, ignorant of the product, or whathaveyou to wait until the property is priced correctly, telling the seller's, "Oh this must be the accepted market value", and thereby creating the climate we're approaching, where everything is overpriced due to poor buying practices.

Hello everyone my name is Edwin manning i currently live in the Modesto Ca area and i'm about 5 days new to the Bigger pockets site and would love any help navigating. As we all know real estate has sky rocketed acros...

As a result, I have done little to increase its value.

If I have multiple people vying for this property, is it legal to increase the asking price for the rent the same way you would do with a sale?  

(If you aren't confident, I wouldn't invest with them.)  

Maybe include in the contract an increase at year 2?

One of the value-adds we want to do is add a washer dryer hook up in the units as we can get a nice rent increase for it. 

I would show the numbers to a potential lender so they are confident on their ROI

You don’t sell it on an option at market price, you increase the price, maybe $239k.

In order to increase payments for one thing that may benefit Peter, they have to raise taxes on Paul (or inflate the currency).