I am facing a $200 increase per month.

My wife and I agree to allow them to dispute the appraisal with my lender. during this past week, the sellers apparently felt we were balking at continuing on the contract, and honestly we were, because we had seen other deals we might like to consider, and let's be honest, we don't think the dispute of the appraisal will net a $35,000 increase in value and make the sellers happy.

Since the equity is not helping you gain anything outside of security if you are comfortable with a little of risk on the property you could leverage to increase your income.

This transaction is considered an increased risk transaction.

The goal is often common as to buy one at below market price with an opportunity to add value, raise rents, reduce expenses (increase NOI/Reposition it) and sell (or re-fi) within 5-7 years based on loan terms and exit strategy.

If so do I increase the rent to the current market rent?

If they are current is there room to increase after the Rehab is complete?

This night increase your chances the person won't redeem and you will own the property completely.I he won't pay rent then you will likely need to file the ejectment.

I wanted ask you about the rent increase.

Not done yet.. you need to figure out the strength of the lease.. absolute/true NNN is the best.. years till expiry, how new the building and yearly increases impact how close to the market cap rate the building should be..