It hast been 2 yrs since the tenant moved in and assuming they want to sing up for a 3rd yr, I would like to increase rent at least by $50 in order to cover a recent interest rate increase on my mortgage. 

Being from the Midwest I'm a fan of KC and Indiana - fun fact, Indianapolis has had nearly 40 yrs of steady rent growth.

An asphalt shingle roof often lasts 25 yrs, so you need to reserve $27/mo EVERY MONTH for 25 years to have $8k available in 25 yrs.  

Realtor thinks rents could possibly be raised again in a year.Mom&Pop Sellers bought it 6 yrs ago and are selling due to being ailing and elderly and expecting a good return on investment.

This is coming from 15 yrs of experience managing rentals in DFW, many of them section 8.

Class B would be older (maybe 10+ yrs old) with the same amenities, or you could argue that new construction, but with cheap finishes and "bare bones" amenities, would also be B.For area: it commonly comes down to crime, schools, and convenience/entertainment access.  

After talking with the seller, Furnace needs to be replaced, part of the roof is 3 yrs old/ most of the roof 18yrs old, plus back taxes of around 5,000. 

I have been on jobsites since I was 5 yrs old and I began working at 12.

 (4 plex $497K FHA, 30 YRS 6.2%) Thank you all in advanced!

So here is a 40 yrs old single no kids individual who's been in HVAC over 22 years 14 as owner operator.