But to get the maximum tax deferral you have to hold for at least 10 years (For history buffs that's about 1/2 of a complete real estate cycle historically) .

This is primarily due to the job growth, population growth and unemployment rates, which have historically remained better than the national average over the last few years.

Values are still appreciating and rent rates are historically high.

Sounds like you have a great duplex as strathmore has some great tenanta historically.

It's hard to find one in my town of 9,000 where the median home price is $260,000 but I have found some.There are certain areas of the country where it's easy to find a 1% property (you can even find some 2% properties) but they are usually lower in quality, in rougher communities, or in areas that historically do not appreciate.I've found it generally true that markets that appreciate well don't cash flow well.

The property is a historic building so there’s a lot of tax programs available to make use of.

The 2-4 family products, at least in Wake county, historically sell at a premium over SFR.

Predicting future property tax rates is a crapshoot at best.Counties and municipalities typically set property tax millage rates, so you could dig into the meeting minutes of the relevant governing body looking for clues to an impending increase.But honestly, your best bet is to just look at 4-5 years of historical data and make a simple mathematical extrapolation.

A 4 bedroom east of Indianola would rent for significantly more than a 4 bedroom east of 4th street.I would suggest looking at some historical sales and running rentometer reports on them to get yourself acclimated to the market.

Also it’s a historical neighborhood so wood windows have to be replaced with wood windows.