Death Rate: The death rate has been gradually increasing.

You could consider the areas in the city with the highest value increases.

I'd have to do some research on the local market to know if this would meaningfully increase the value and the appeal as a rental in the long-term.

Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.

More eyeballs mean greater viewership, improved SEO, and increased revenue.

If they have, you extend that time to 6 months from date of death.On top of that, every month you delay buying the house, the loan balance is going to increase. 

Rents have increased significantly but so have housing prices. 

Without actually building the 3rd unit, would this new triplex eligibility increase my property's value? 

If you spend time learning how to manage well, your income will increase, you'll save time, and you'll maintain your sanity with the courage to expand.

And this will only increase in my opinion so it's a great time to invest!