Part of this change is to increase density, public transportation, etc.  

I'm curious if anyone has seen a significant increase in property taxes either way, how their lender evaluated the potential increase, and if their lender was on board with an entity transfer. 

The point I am trying to make is that leverage can increase your returns but as you pay back principal you're leverage decreases.

Think of what you can do to increase rents / reduce expanses.

What I mean is - our annual household income suddenly increased overnight.

(They haven't had a rent increase in 9 years.

So, if possible, we would like to submit a request for rent increase. 

Are you of the mindset to pay down the loan to increase monthly cash flow, sell for the capital or refinance? 

I would recommend looking into West Kensington, Frankford, and Port Richmond-  You can still find great deals there withe excellent cashflow, and I believe the path of progress will continue to march into those areas and increase values. 

The reason I estimate $120k in repairs is because I want to increase the ARV and increase rents, which brings me to my next point:A 4-unit renovated comp with the exact same specs showed up on the MLS today for ~$1,600,000!