Why not take the $200k cash and use as a downpayment on a $1M property that will print money and appreciate much more rapidly?

She brings over 25 years of mortgage and real estate experience to our rapidly-growing company.

Florida’s appeal as a retirement destination also means that buyers and renters aren’t bound by traditional school-year schedules, providing a steady stream of demand for housing throughout the year.Texas: Strong Demand and Economic Growth Drive StabilityTexas boasts a rapidly growing economy, which has fueled a strong and relatively stable real estate market across the state.

This tends to occur when the appraiser is unfamiliar with the area, and the area has had a recent rapid increase in property value.  

Good points above, but my main point is the same as Mike: there are great tenants that pay market rent.You should raise rent on a great tenant the same way you would with a decent tenant or a bad tenant: quickly and professionally.Kevin is a smart guy, but I'm afraid I have to disagree with his incremental rent increases.

Is the property in Grand Rapids? 

There are new neighborhoods & jobs popping up rapidly in the area and expanding further South into Tate County, MS & Southeast into Marshall County, MS.

Im not personally a short term rental Investor but these are some of the benefits that may support your pursuit of scaling more rapidly 

From there every 20 point increment affect pricing differently.

Your equity is being paid out in monthly increments also.