San Jose multiplex tenants

[Ratesh D.]

Hi, looking at a 6 unit multiplex in San Jose where rent increases are capped to 5% annually. 3 units have ~$500 below market rents which makes it hard to make the properties break even (esp in the current interest rate environment) even at 5.75% CAP. Am I obliged to renew a lease? Any other thoughts on how to raise these rents? Thanks.