Fair Return:An owner can also file a petition for a rent increase based onfair return.

After I rehab it let’s say I put $30K in rehab work, on average how much would my property increase in value?

Each state can be a little different so the details matter. https://www.omglawfirm.com/arkansas-probate-intestate-succes...Here is the pertinent excerpt:If you don’t have a Will, the default order of descent goes like this: (1) full blood and adopted children of the decedent, subject to any dower, curtesy, and homestead interest of a spouse; (2) if no full blood or adopted children, then everything to a spouse of greater than three years or half of everything plus dower, curtesy, and homestead to a spouse of less than three years and the other half of everything to other heirs (per this table); (3) to the decedent’s parents or surviving siblings; (4) to the decedent’s grandparents or surviving aunts, uncles, cousins, etc.; (5) to the decedent’s great-grandparents or surviving great aunts, great uncles, etc.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.

Do you think values in 39212 (SouthJackson) have increased since 2018?

We do want to offer flexibility, our goal is to keep the tenants so if increasing only $25 a month the first year keeps them we are open to it. 

@Neal Coppola As mentioned above, inventory has increased significantly for these lots, but with that being said, the overwhelming majority of those aren't listed anywhere close to what I would consider a reasonable price.

Investing in distant markets increases your risk and/or increases your costs. 

Everyday my respect for you Ben is increasing.

If sales prices in the local real estate market are increasing, as they are now in much of the country, there is less risk in taking on a project like this. 

I think it depends on 1) what kind of profit/loss you’d make if you sold it and 2) whether fixing repairs and replace the siding would increase the next tenant’s rentI hope that helps some!