A couple of months ago, I went into real estate investing and became a landlord. The good news is, a good friend rented this place. The bad news the rent was so low that my cash flow is negative every month. I was planning to increase the rent (more than the alloted 7 percent) in order to make the rent more standard and bring myself back to positive cash flow. Can I legally do this? Or do I have to follow the govt rental standards and be doomed with a negative cashflow until the tenant vacates the premise? Note Im planning to make an increase of more than 7 percent at the end of first year lease. Again, is this legal?