Has the cost of maintaining the house materially increased, or is this based only on advertised rents? A tenant may respond better to a transparent explanation tied to actual property costs than to “other landlords are asking more.”
A simple stress test: after paying the first mortgage instalment, moving costs, insurance-related amounts and truly urgent repairs, would enough remain for an unrelated household emergency? If the answer is no, I would either reduce the price, delay the purchase or rebuild savings first. The...