I’m going to request to follow you because I’d like to watch your journey. 

Just realize that along the way there will be plenty of roadblocks that get in the way and how you maneuver around them is what is most critical.No one can tell you your vision.

I’d be happy to help and share my thoughts if you’d like! 

There are plenty of wholesalers and agents out there as well, search the for individuals who are actually investors and have first hand experience in what they are selling.

I'd be happy to talk to you about the possibilities here. 

The property is a 6-unit building in Los Angeles.Given the significant difference in current rents vs. market rates, I'm looking for advice on how to legally and ethically approach raising the rents to reflect market value, should I decide to move forward with the purchase.Some additional context: even if I were to negotiate a better (reasonable) price and were to successfully evict a tenant who is 5 months behind on their rent and charge the market rent for that unit I'd still be -$600/month. 

After googling for a bit I’m even more confused so figured I’d ask the right people on how deal with security deposit.

I’d be happy to help you get introduced to the group!

Raj,  forget about the interest rates for now: if you are in NYC, I'd do a 1031 exchange out of commercial and into B or B+ area in NJ or even PA for residential.  

Shoot me a DM if you want to connect and I'd be happy to put you in contact with them.