Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).

During escrow converted it to a Roth and paid the taxes.

although we bought about 6 years ago or so for 270 put 100k into it so you can do the math  no debt .. hoa 400  we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves.. 

Taxes 10k HOA is 9k The current owner never did short-term rentals.

I know I'm getting the tax benefits of depreciation, the minimal positive cashflow, and the appreciation on the property, but It's pretty much a long term play of slowly raising rents annually to increase cashflow, which will eventually get basically reset when my loan goes P+I in 10 years.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Lastly these tools can integrate directly into your bookkeeping so you can automate the income portion of your bookkeeping which will help with your analytics/reporting and save you tons of time during tax season. 

Last month city established a tax incentive district on neighborhood.