I would add on more for cap ex and repairs.

I know they have a cap on how much the workforce homes can rent for and also for how much they can sell.

We have one bank account for managing the daily operations and a separate bank account for cap-ex. 

Longer term leases keeping cap rates somewhat low and stable when selling. 

A few questions come to mind based on the info in your post: 1) On the rental, Is the $50k just for the downpayment, or do you have additional funds available in reserve to cover cap x?

<after 5% cap-ex, vacancy, maintenance, etc... barely making $50/mo> but in it for the long-term equity not income <at this point>.

I visited Cleveland years back, and to me the east side of the city was older, higher cap rates, and lower price per unit, but harder to manage.

Ok so I sold a property for 1,050,000 cost basis was 175 exchanged for another property for 860k. I was thinking my capital gain would only be 15k. Accountant says I will owe tax on the whole 190k I got back. Man I ho...

The issue with this is that most deals cap rates right now are below the interest rate so lots of deals have very skinny margins (if investing for cashflow) where a higher rate erases that skinny margin.

Which reduces Cap rate.4.