Currently out of school, my first year working and would be making between $50-60k annually, I have no debt, and 740 credit score.

We shared the annual electricity costs and the cost of service calls which became more frequent over the 60+ years of the well's life. 

Annual income is currently $78,300. 

@Scott Wolf,Don’t forget, we have weird politicians here that thought (and still think) stopping 25,000 new jobs coming to NYC was somehow a bad thing...lol

I would say consider your monthly cash flow on any investment plus the annual interest expense on the student loan before you consider doing anything.

If they get a quote of $500 from Company A can they charge us/the consumer $600 and pocket the annual $100 difference? 

I might have found one , but the price is about $1000 more annually than my current insurance.

134k- Converted duplex built in 1920’sSemi Updated Average Neighborhood/Ave Schools1600 Sq Feet1 Bed Unit upstairs and 3 bedroom downstairs 20%- $26,800 down payment PI Payment $592Taxes-$333Insurance- $91Total Monthly Cost-$1017Rents $1550Total Cash Flow-$533Cash Flow per door - $26620%- $26,800 down payment $7000 max in Rehab workTotal cash needed $33,800Annual Rents - $1860075% Less Variable Cost- $13950Interest Paid annually $5620Rent less cost minus int-$8322NOI/Total Cash- Cash on Cash- 24.62%250k- Duplexbuilt in late 80’sSemi UpdatedGood neighborhood/good schools 2400 sq feetTwo 3 bedroom units 20%- $62500 down payment PI Payment $1035Taxes-$395Insurance- $108.33Total Monthly Cost-$1539Rents $2200 Total Cash Flow-$660Cash Flow per door - $33020%- $62500 down payment $7000 max in Rehab workTotal cash needed $69500Annual Rents - $2640075% Less Variable Cost- $19800Interest Paid annually $9843Rent less cost minus int-$9956NOI/Total Cash- Cash on Cash- 14.33%

The median four person household in Austin pulls in $86,000 annually.

I’m not sure what your state law allows but unless there’s some specific provision written into a lease of that length providing for rent increases it would probably actually limit the landlord’s ability to make an annual (or other periodic) rent increase.