Looking to grow equity to eventually create cash flow? 

I can't believe how many owners go for months with no communication and no payments, and then they eventually find out the tenant moved away, and the rental is sitting empty.

Possibly i'd subsidize the tenants and make the increase when they move because the market will eventually increase rent to catch up with the higher property taxes.After making all those improvements, I would lean towards the long term and try to get as close as possible to break even now while at least slowly increasing rent enough for the tenants to cover the property tax increase. 

I'll have to gut the place when he eventually leaves.Turnover depends on the damage done.

I will say this, rates will come down some eventually and when they do, everyone sitting on the sidelines waiting to buy will probably jump in and push up prices.  

There was talk of eventually allowing investors to independently sell their shares, but I haven't heard anything about that lately.

It sounds like first you meet your team in-person to create a relationship with them then you work with realtors to find property you would eventually put an offer in (unseen) then once you're under contract that's when you get the remaining team to check everything.

You need to make this (product/area decision) a very diligent decision or go for lower returns (LTR) and lower your expenses to save more money to move the capital to more investments to eventually leave your current active income.

Now, I don't know if the property you could have eventually tried to take ownership of, it there was value there but I come across this a LOT in my tax sale buying in Louisiana and I think WTF is this guy doing!!!

Get 2-3-4 of these going, maybe eventually moving every year if you can.