Any deposit required to be paid in advance of the start of the work cannot exceed one-third of the total contract price or the actual cost of any material or equipment of a special order or custom made nature, which must be ordered in advance of the start of the work to assure that the project will proceed on schedule.

I would increase vacancy and Capex to 12 to 15% and plan on losing 20% to 30% of asset value.

Double check with your lender but I believe you can do this, or something similiar in nature.

Once you've developed a good working relationship, you can increase the amount of work you give someone. 

It has already been pointed out that property taxes will significantly increase some time after the sale.

They are increasing the price of it here pretty soon.

 $150 unit cash flow with high potential for the cash flow to increase via rent appreciation is near my minimum to refer to the cash flow as nice.  

Alyssa,You can’t raise rents in the middle of the lease, but you could inquire if they are interested in moving before the lease expires, who knows, maybe they wanted to move anyway, then you could test the market with increased rents. 

If the current tenant is underpaying rent below market value, we will send out a notification 60 days prior to the termination of the existing lease informing them that rent will be increased.

Your mortgage payment will increase and now you’re in more debt then when you started.