And you would get to indefinitely defer all tax on the gain from the sale.

Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

I do like the tax benefits and leverage.

This would allow you to indefinitely defer all of the tax if you sold, and use the tax you would have had to pay, to purchase something nicer in an area with a greater growth potential.   

That's 50k a year gone and you are losing tax write-offs and equity potential.

Positives are proximity, low property taxes, no income taxes, no weather events, very low maintenance stucco/tile structures, “young” properties (5-20 years old) 

@Daniel Tanasa $1905 per month (mortgage +interest) , taxes (around 3600 per year) and insurance (1500 per year) => so 2330$ is my PITI

From a tax implication standpoint, it can be tricky but if done correctly, not a problem.

There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.