Mute point for now since they are locked until April 2020, but you will find 2 schools on BP for this question...(1) keep it "as is" and don't rock the boat and risk a vacancy..... maybe do small increase....vacancy costs $$ and often repairs and upgrades..... don't increase your risk(2) Get up to market rate ASAP.....maximize the investment...... you aren't running a charity..... if they move, so what, fix some stuff and get it to market rentNo right or wrong way.....each has a pro and con and you have to weigh those yourself.Location and time of year plays a role for some..... don't want vacancy during the time of year when its hard to rent etc.My advice is to stay M2M ....... year leases are a false sense of security...... they protect tenants WAY more than landlords...... people will move when they want/need to and nothing will stop them..... they may owe you $$ on the lease but OWE and GET is a total different ballgame.....

Ryan, I am in the same boat.

I am in yhe same boat.

I am in the same boat learning and trying to start what I learn so far (coming from buy and hold business)1. there is no clear market like mls where you have fair chance. you need to build network. 2. there are lot of people will try to sell you note if you are newbie.just to make quick profit .

Then we are on the same boat (investors and contractors). 

They should be extra motors on your boat! 

We're in the same boat, and still looking.

I'm in the same boat as you right now.

Talha 585-326-9699I’m also in NY and in the same boat.

I don't have any specific insight into your question, but I am basically in the same boat as you.