I’m going to request to follow you because I’d like to watch your journey. 

I’d be happy to help and share my thoughts if you’d like! 

I'd like to change to self-managed. 

I'd be happy to talk to you about the possibilities here. 

I'd imagine the same could be true of posting a for-sale sign in the front of the house, a free craigslist ad, or an email to one of my existing contacts saying 'hey, this is for sale!'

The property is a 6-unit building in Los Angeles.Given the significant difference in current rents vs. market rates, I'm looking for advice on how to legally and ethically approach raising the rents to reflect market value, should I decide to move forward with the purchase.Some additional context: even if I were to negotiate a better (reasonable) price and were to successfully evict a tenant who is 5 months behind on their rent and charge the market rent for that unit I'd still be -$600/month. 

After googling for a bit I’m even more confused so figured I’d ask the right people on how deal with security deposit.

I’d be happy to help you get introduced to the group!

Raj,  forget about the interest rates for now: if you are in NYC, I'd do a 1031 exchange out of commercial and into B or B+ area in NJ or even PA for residential.  

I'd try this before hanging it up.