To increase profitability, you do have options- just reduce the water usage by 30% or so.

Dee Jay Chicago has quite a few issues and property tax increases seem to be one of their favorite ways to solve them.In a city like that I would also be afraid of regulatory hindrances like rent control and the city just not being landlord friendly in general.

(Not everyone qualifies for the 401k)There's much misconception regarding the role of custodians and administrators, as well as the extent to which they should be relied on for advisory services.There are many excellent companies, but as the number of custodians/administrators has swelled it has become increasingly difficult to navigate the space.

So after a few months I'm looking to increase the rents and locking into a 12 lease or find new tenants and refresh the property.

After the renovation, we expect rents to increase approximately $300.

Most zoning allow for 2-4 unit You rehab cost may increase but so will you rental income

Rather than a principal only payment, I did a recast after 12 months which increased my cash flow due to the new amortization. 

I increased my rehab cost to include the holding costs you mentioned.  

WHen you are talking to prospective renters and have to give notice to the current tenants to schedule showing times tell the prospective tenants I need to be considerate of the current tenant (it reminds them you arent just being difficult).

Our market has seen a lot of appreciation but I’m seeing a current cooling with longer days on market and an increase in price reductions.