page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

We had a rental in FW & we kept a separate account for Cap X repairs and thankfully we did.

Your other levers are revenue (which as you mentioned is capped) and expenses (which congrats to you are low).

Could you please let me know what cap rate you can get in Canton in the better areas with better schools ? 

It reminds me of a buddy of mine in San Diego who realized early on that the investors who stuck around longest weren’t just chasing the best cap rate..they were sticking with him because he made them feel like they were part of something that actually mattered.

Markets that have 8%+ on stabilized cap rate deals. 

I then plan to do this again or maybe 2 more times depending on the ability to stay under the VA entitlement cap. 

The maintenance and cap ex will kill the cash flow at that low a valuation.

It will help you analyze deals quickly but you will likely need to adjust some of the figures such as rent, % towards vacancy/cap ex/maintenance.  

I think we may see a return of bonus depreciation, but I doubt that it'd come without a cap of $1-2m, and a repeal of Sec. 179.