You will get away from income taxes and annual registration fees by going to the townships, but your property taxes skyrocket which may offset some of the rent increases.

@Reeves BennettWe do many Flips/BRRRRs annually and fund with Hard Money and Private Money. 

Currently doing 120 or so of those funding's annually. 5.

It will probably quadruple in value at less than 5% annual appreciation.

Quote from @Chris Seveney: Quote from @Jay Hinrichs: few things if these are sold to homeowners were the dodd frank rules rigidly followed when you did these.if they are sold to investors then DF doe not come into play.while credit and such matters keep in mind note buyers will want a 12 to 20% or more annual return..

While there’s no perfect formula, there are a few methods you can use to get as close as possible:For maintenance and repairs, a good rule of thumb is to budget 1%–2% of the property’s value annually.

I would also be sure to sweep the chimney and have it inspected before you rent it out then annually.  

My point is cash flow is only one source of return on RE and in my opinion the least desired because it gets taxed annually.  

Housing agencies have an annual budget and issue vouchers based on that budget. 

Another thing that my brain keeps milling on is the fact that if in a normally purchased deal, I work hard and pay off a 3 million dollar building in 20 years, and then don't pay my 80k annual property tax, I'm going to lose my 3M building that I "own" but somehow don't really actually own.