In addition the rent would likely increase after the rehab so that 500 cash flow would be more likely 6-800.

Increasing my cash flow monthly and taking advantage of appreciation in a couple of years

I don’t know why it has seen such an increase in price for the area.....

When you are confident what you are looking at is a good deal and you have a plan and resources to do it.

Now that I am a Realtor in Colorado, I am also required to disclose that on my listings as well that I have an ownership stake in a property in the advertisements.I also have not really seen a difference with the tenant's treatment of me as the property manager vs being the owner except one time a tenant did try to pressure me into paying for a silly upgrade saying that as the owner and I could afford it and the $100 month rent increase should pay for the new ceiling [The upgrade was to re-texture the whole ceiling of a 1000 sq foot apartment because it had swirls and minor hairline cracks (built in 1920) and this tenant did not like the swirls -- changing the swirls would cost thousands and not result in any more rent]

The letter would introduce me, the updated rate ($50-$100 increase depending on rate), and a brief explanation of my policies and procedures.

My husband and I currently have 5 rental properties in BC, Canada, and due to our Reno’s and recent price increases in the area, our equity has increased by approx 300K.

These are little victories but both 'firsts' for me and are building my confidence that I can do this real estate thing as my only gig before too long.

Have been running the numbers on a couple duplexes/4 plexes and looking into how I can potentially increase rents once I would take over a property.

I'm pretty familiar with most of the market in Indy and have a good network of real estate professionals that I can confer with when I don't have a confident answer.