Set a standard in your mind for credit worthiness and the first person to meet that standard gets it.

In fact, the number of triple-net listings is increasing as the average time on the market goes up.

So who knows how much some of the land value could increase over that time.

For example, in my county you can actually go to your hearing and get your taxes increased on appeal fun right....Jon Bock CPA/PFS

Once you have this team in place, you should be able to invest in any market confidently.As for picking a specific market - I would go after one with an increasing job and population growth.

In addition, if the work you've done has increased the value to $250k the heirs might demand $125k. 

Pls advice, Sounds like you have been presented with an opportunity to help a veteran and increase your rents upon placing the next tenants.

Consider semi-furnishing the space to increase room rental costs and also contact your local university/college housing department, they typically provide students with resources for off-campus housing and you could plug yourself in there. 

Many lenders will charge additional rate increase if loan is under $150K.

Do you believe 4-plex and apartment buildings would increase your ROI?