I know it's possible to raise more capital and to do nonconventional financing, I think if I were to invest here I would need to hustle pretty hard, which I am definitely willing to do.

The basic numbers seem ok, I personally like a larger ROI on paper as in reality things always come up to eat your profits.Be prepared for a battle to evict those 2 tenants, expect additional costs there.Are those market rents you plan to raise to?  

That at that point, problems could arise, appraisal issues, financing issues and that if you did unload on granny for cash, that someone wouldn't come out of the woodwork raising cane about it.

I wouldn't call it a great deal, but here are the metrics nonetheless:Purchase price: $435k reduced by seller credit of $15k for net $420kDown Payment: $15,225Monthly Rents: $1,025 1-bed + $995 1-bed + $675 studio (hasn't been raised in 15 years) + $650 (bedroom in my unit) = $3,345.  

In fact, it’s a major factor in your ability to successfully raise money.

Don't forget to ask when was the last time they raised the HOA fees, and why.

Not raising rents is a disservice not only to the landlord but to the renter.

Born and raised in San Diego, CA.

they raised ours to $85.00 /Yr to pay for extra police presence. 

Is it mandatory to get a new lease to raise their rent?