I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

The same rule applies to rising rents.

I do have floating rate agency debt, however, and rising rates coupled with lack of rent growth has been a drag on cash flow. 

The city is growing and the economy is strong so property values are on the rise.

I personally would sell the house - it's negatively cash flowing ~100/month, if you were to add in repairs/maintenance, CapEx, vacancy, rising insurance/property tax costs I would think you're actually losing more than you estimate (luckily it's new so you are on the very low end of that right now).

Lol)So I think its very reasonable for you to assume prices continue to rise there. 

Am I ok with this plan to ride up the appreciation, mortgage pay down and rising rents?

Rising land prices are not that common either, and limited to select areas.  

Fuel costs likely to rise over time, but work from home helps

@Collin Hays My favorite that came in at 6am one morning when the nights low temperature was 58 degrees and the high temperature was to be around 75 was the following.