Akron is a very blue city and are not very landlord friendly - source of income protections, etc... 

Smaller or less diversified areas, on the other hand, could struggle with the double hit of reduced tax income and rising costs. 

I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.

What is the best way to set up the inheritance to minimize income taxes?

For quick math I have a range of each between: 700/yr to 3% of gross income

Is this section 8-(or some kind of fixed income program) these units seem very low priced?

Previously I'd always used Stessa, which has a great Net Cash Flow statement view, breaking down the usual income/expenses, but also includes a section for Interest/Principal, and another section for CapEx. 

Leverage your W-2 income for better loan terms, explore private/hard money for off-market deals, and network with investors to expand your deal flow.Good luck!

A popular Excel template is Vertex42 as it automatically includes spaces for property details, rental incomes, expenses, and a summarizing sheet.

What tips and techniques have you found most effective in increasing rental income and property value?