Inherited tenants below market rent
I am under contract on a fourplex in North Canton, Ohio. Very nice area and the landlord has owned for 20 years and retiring. One tenant has been there since 1994, is 87 years old, and pays well below market rent. Rent should be $300 higher. The other 3 tenants have all been there at least 2 years and could be $75-$125 higher. I run the numbers at market rent and it would cash flow nicely, but unsure how to get to that point. Is it even worth it to start out barely breaking even? I'm assuming the 87 yr old tenant couldn't afford even a $100 increase if she's on a fixed income. Looking for advice.