The lease is month-to-month.I’m looking for a recommendation on how to increase the rent.

Inherited tenants increase risk, as they were not screened by you.

Zillow estimates an 11% increase in home value.

I enjoy my profession but i am very interested in trying to increase income without having to work more.

I have already got notifications from vendors to expect price increases starting Oct 1st, 2018.This will have an impact of all aspects when flipping, renovating and maintaining rentals. 

Focus more on building personal savings and increasing income (is there a possibility of picking up a part time job?)

Once you are certain about the numbers on it and it’s truly a great investment, go back and increase the HELOC you already have and use those funds.

I'm also actively networking with others to increase my funds/passive income by partnering in deals, providing income, working extra, whatever I can do.The point of all this is that I am approaching it like a business.

Lastly, double check that your unit isn’t overpriced...might be worth it to price it a bit under what the competition is charging just to get folks in the door before winter hits and increase interest?

You'll notice the BP calculator allows you to include custom categories for closing costs and I just include the amount in one of these fields.