Since that data doesn't include 2016, 2017 or 2018 I'm looking into whether that vacancy rate trend has continued to increase.

If you are upgrading the kitchen appliances and are not able to increase rent or make the home more desirable, then it would be best to save the time and energy to focus on the next project. 

@Mat O'Grady Rentometer.com gave me an increase of 500$ per month for home similar homes in my area.

The metro areas give you more bang for your buck while still able to appreciate at an increasing rate.

Cincinnati local looking to increase my monthly income by purchasing buy and hold properties.

I might be able to increase rents to $225 even but that might be a big jump to put in play in the first year?

Thereafter I plan on increasing rent, but I'm adamant about making this deal work with the current tenant for the first year.

If the anchor tenant goes out of business or moves (highly unlikely I'm guessing) the value would increase a lot due to the easing of the deed restriction.

At this point in time, I am doing what I can to increase our buying power like finding a higher paying company to work for, and saving more cash etc.

Tampa - strong economy, few cities have seen the price of homes appreciate as fast as they have in Tampa & Orlando in the past 5 years, the median home increased in value by nearly 47% according to yahoo.