This was my first property.I had a decent run with tenant #1 and they ultimately got evicted about 1.5 yrs after acquisition.

we have 25 and got those in less than 6 yrs. but in the right market.  

I'm assuming you figured in the roof and A/C in the repair costs and that's why your CAPEX is only 5%, because those major things will be brand new. just remember that there is is still furnace, hot water heater and appliances to worry about. by your figure, in 20 yrs you will have $7800 saved up for a new roof then, but in the mean time other things can go depending on their age which will take away from that amount. 

But over the next 2-3 yrs I will be able to increase my rent, due to the fact I rented it out to low.

If a property was purchased say at $50,000 and then sold via land contract at $ 90,000, assuming everything simple, and there is a capital gain of $40,000.if the land contract is for a period of 10 yrs, and the seller is recieving yearly payments of principal and interes.When does the $40,000 capital gain tax become due?

I've been with Allstate for 25 yrs and their coverage is very comprehensive.

Think about the amount of homeowners that lost their homes to foreclosure during The Recession that were forced to become renters, they will become home owners since they  can now qualify for a mortgage( 3yrs for FHA fmon time of foreclosure and 7 yrs for conventional).

With that being said, these are high quality energy efficient windows that were purchased and installed about 5 yrs ago and qualified for a rebate.

Well, not really he still works six days a week at 70 yrs old.  

I'm 39 yrs and (happily) divorced.