I would be careful raising rents that high that quick, $100 may not seem like a lot however at the current rent it is almost 20% more. the property might need 4 new tenants if they cant afford a 20% instant price increase.

Moral?

That way if the appraisal comes in low you have negotiation room but if it comes in high they can't increase the price.

BTW, you most likely won't get more than a 5 to 7 year loan (5-7 year 'call') with a 20 year amortization in today's market, given that rates are changing (increasing).

If you want the property bad enough, increase your offer.

I’m at the point where I’d like to find 1-3 markets I can actively work to help increase the odds of finding the right deals.Hopefully some veterans out there can help me streamline my research skills.

If the market increases, it will be a tailwind and allow you to achieve that down payment quicker.

The Question Anyway, as the price continues to climb, it has become increasingly tempting to sell it and rebuy the market after we see a dip.

Because then they will buy it before the seller's motivation has increased enough.

I would be getting it more to increase the value of REI as a side hustle, but it could very well be possible that I would make it a career.