Also, you probably want to make a 1-5% increase each year for inflation as well.

Heat is natural gas.

In addition to Driving for Dollars, you can increase your mailing for money by working with a list broker to do more Mailing for Money.A lot of people have had a lot of luck mailing to Absentee Owners.

It’s currently half way through a 15 year note from my uncle and the rent has increased $225 a month already in 5 years plus all of the equity sitting in it.

Find ways to cut down your living expenses and get a second job to increase your income. 

I am not sure what the plan is in terms of metering each unit and passing that cost on to the tenants as well as other improvements that could increase rent, however, those costs should be part of the negotiations and hence on the overall price.  

And in the short term I need to find a way to increase my annual income.

Being a BP Podcast junkie, I've naturally progressed to the forums.

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Naturally that didn't work for me.