Additionally, it would be important to weigh that against the mortgage, taxes, and all your allotted expenses for repairs, future CapEx, and vacancies.

It would need to go against their allotted entitlement (which is usually tied up already by another primary residence, or an old primary residence in a different area they lived in.)I'm not saying this is 100% true or not, but our deal with this exact scenario got shot down by the VA for this reason.  

Most of our clients use a cash for keys strategy, or do a stepped leverage of the allotted rental increase as per whatever the current rent control laws are.

At your current cap ex budget, in ten years you'll have $11,520 allotted for capital expenditure.

This happened to allot of people in 2005-2010.

Look up cash for keys on youtube allot of answers to help.

I understand 15k a year is allotted and anything after that, a gift tax is required.

Then you look for a cash buyer within the allotted days you have to close correct?

Naturally my sights go to wholesaling, as the prerequisites are attainable within my allotted window.

Since the deferred maintenance costed less than anticipated, I used part of the allotted 7k and the increase in cash flow to pay for the windows without investing more of my own money into the property.