Are there any additional considerations?

We are asking the current tenants to leave as the property is not in optimal condition we like to have our rentals and we would like to fix it up to increase value and rents.

Death Rate: The death rate has been gradually increasing.

In the next 4 years my income will drastically increase, but I don’t want to wait 4 years to buy another property that will be an investment.

It is a considerably good price considering the area, I'm just not sure on whether the rental income is worth paying for.Apart from about $10,000 it is fully rennovated and ready to be rented out within 2-3 months.Thanks for any advice!

What the investor will have is a long term appreciating asset; that will provide an increasing cash flow as rental rates increase, and steady amortization as the note is paid down.  

At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.

Given his spending habits during his first term, it might be a wash.Costs to build new properties will probably increase.

They use leverage in some of their funds, which can increase returns, especially if they have a low cost of capital (but potentially increase risk and trigger UBIT issues).

The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.