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.  

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.

There will be no assessment for increase in taxes or insurance so remains at $1935.

Properties like the Michigan complex offer a unique entry point, combining cash flow and significant upside potential.Immediate Cash FlowThis particular property is projected to deliver 6% annual cash flow from day one, already exceeding the yield of Treasuries.Value-Add RenovationsThe property includes hundreds of units that can be upgraded to Class A finishes, justifying rent increases.

That will show what proposed tax increase you will see.

Would we see increased cross-border transactions and a surge in property investment opportunities?

I'm born and raised in Iowa (actually a suburb of Des Moines), I now live 2 hours away in Cedar Rapids, because I like this market better.  

Increasing NOI and value of property by 2M+ Lessons learned?

Also keep in mind as time goes on typically your yield will increase because of the rent growth. 

@Chungying ChuIf you want more liability coverage, ask your insurance company if you can increase it.