Asheville is another area that could be attractive for investing. 

This is a bonus in most ways and a price increase usually.

Additionally, what factors typically increase bankruptcy risk for leveraged investments?

My next question is that it hasn’t been paid down much but just to give you a quick breakdown the house has increased $80K over the last two years and was hoping to tap into that to use to help fund my next deal.

Some investors don't like it and want to be able to get their returns in a much shorter timeframe hence flip and fix is more attractive to them.

Separately, the ordinance says there can be a 50% rent increase if $8k is spent.

Yes, we always protest the increases.

Guaranteed value increase due to being the worst house to now you are the newest house in the neighborhood. 4.

As interest rates go down or threaten to go down the competition will increase and prices will increase thus negating a lower interest rate.

As for the rodents, call a company and have them come out and deal with it...take photos before and after so if the tenant does something (ie puts out more rice), you can show that the tenant is deliberately doing things to attract rodents.