If you were to combine several of the units together to the point there are only 5 units in the building, would this destabilize the whole building and be able to bring the rents up to market rates once the leases laps? 

My initial idea was 10-20% down with 7% interest rate for 10 or 15 years after doing research. 1 person suggested a balloon at the end and another person advised against it. 

He's also correct in that the septic systems are rated by the maximum total occupancy of the home (they don't count dens towards that occupancy).

In the meantime use this resource to find out the areas around hereUse this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onhttps://www.areavibes.com/Here is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Sorry, i posted with my email to help but it was deleted by a moderator and told that i cannot advertise my services.Not sure how i can help you out without breaking the rules here. 

However, the good news is since you've owned the property for over a year it will be considered a long-term capital gain which holds a much lower tax rate than if you owned it for less than a year.  

In your case, where your rental rate is $2300 for a 3-bedroom unit and the maximum voucher amount is $1650 per month according to local resources, there's a notable gap.

He owes 43K to the bank at a 11% rate of interest. 

This is something I'd consider in the future.Out of state investing:- Nevada has low property tax rates. 

Aside from the higher interest rate (I will pay the mortgage), one of the areas I'm looking in charges higher property taxes if it's not a primary residence.