Are you doing rehab on this property to increase the value and what is your exit strategy. 

I am intending to use an FHA loan (or FHA 203K loan depending on the nature of the deal) to fund the purchase of either a one or two unit piece of real estate.However, I will be leaving my job soon to pursue an entrepreneurial opportunity.

We have been exploring new ways to increase revenue at our apartment complexes. 90% of our tenants are well below market value on rents.

Average rents in San Diego for SFR have increased almost $500 in the last 3 years and for apartments over $500 in last 5 years.  

For the first 5 years, we made little to no money, and being in the hoods we were, very little to no increase in property values.  

Am I able to increase the rent?

It seems like these posts always lack in details so I will try to give the most information possible:Sale Price: $575k  Current rent: $6825 (this is topped out, no room to increase)Loan terms: 20% down, 20 year 5 year balloon  5.75% interestsManagement: 7%Insurance: $3200Maintenance/capex: $5000Taxes: $8900Vacancy: Using 5%Property is C class and in good condition (new furnances, roof, etc) No common areas.

2) Same for asking for the bank to increase the amount to be increased?   

I recently went under contract on a deal on LoopNet that cash flowed at a current 8% Cap Rate with a very easy value add that would increase the value of the property over $1.5M just by raising rents with out doing any rehab. 

I was wondering I other investors would switch to natural gas immediately or would they hang on to oil for another winter?