Good luck on the test.  

I was born and raised in Brooklyn and purchased my first property in Woodside, queens in 2010.  

So I would start in a construction trade doing odd jobs, raising cash for a project.

Adding a property manager at the going rate on average of 10% will raise the expenses another $380 a month.

So the rent is really low and should be up in the $700 +how do i go about raising rent?

Lately, I've just been focusing on reading books that can raise my financial and real estate education, as well as working on listening to the BP podcasts from 1 on.

I was born and raised in Dallas Texas.  

It needs paint and carpet and the rents could be raised maybe 100-150 from the current 1450 .

Our capex estimates increased substantially based on what we'd need to do to pass code but also to raise rents (somewhere to the tune of $500K-$800K).

Ask him to work with you and explain that you cannot break current lease until a new tenant is confirmed  (that means you have a signed lease and deposit from new tenant).And just remember, this also gives you a chance to raise the rent (if necessary), which can take the sting out of hassle of tenant searches.