Keep in mind tax's.

Here are some thoughts I hope help.The benefit of selling now is that as an inherited property you will likely pay no taxes because you inherit it at a stepped-up basis.I'm not a huge fan of buying a house that has lot rent.

There is no Property tax GIS map.  

Now this is an annual thing (for all new properties).For rough math, you can generate a tax write off about 15-20% of the real estate value: one a million you can expect a $150k to 200k write-offs.

As soon as people receive their tax refund checks, they will be knocking down your door.

Many people get this confused thinking that is take-home (NET) income, when it should be BEFORE taxes GROSS income. 2.

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

And given #3 above, it leaves about 20% of rent for all other expenses like property tax, insurance and other PM expenses like leasing fee, eviction fee and other minor expenses like for e.g landscaping, pest control etc.

Expenses will level off: Multifamily operators have been plagued by expense increases in the form of taxes and insurance, for the last few years, especially in the south, and especially in Florida and Texas.

Also make sure to consider all the aspects you can including the tax differences.