A couple of thoughts about your question- To be honest, I wouldn't expect very rapid capital gains in Japan going forward, certainly nothing like the runup we've seen since 2009-2012 levels (assuming you aren't doing any kind of value add on the property).

Louis (2.9) and four at 3.0, Detroit, Grand Rapids, Indianapolis and Kansas City."

It's in the city of Cedar Rapids.

About four years ago I noticed the neighborhood rents were going up rapidly and the credit of my tenants was outstanding (6-figure incomes and flawless credit).

Once you get to about 6 or 7 homes... you will have met your numbers (about 5 years) and will be able to start picking up 2 homes every year and begin to start building more rapidly.

There is a rapidly growing member base of local Raleigh/Durham area folks so you should have no problem connecting with others who are nearby.

If you are buying into an area around a university that cannot compete, you could see the student housing market contract rapidly.

(I know there is something on the web about this, but if you lovely folks have any shortcuts or advice to make my appeal more successful, I'd love to hear them).Thanks,JamesThe assessed value is supposed to be 1/2 of fair market value.I appeal all of the properties I buy and have had great success I took one from $78,000 assessed value to $9500 while the actual value was rapidly increasing.

Rent/unit= $2400 for the 3/1 unitGiven that this area, prices are rapidly on the rise, the equity should increase and could possibly stabilize in the next 2 yrs.  

If the market is rapidly changing, then that's a different issue.To respond to the question, you should probably leave the rent as is until the contract expires.