Also, provide the buyer with other records such as copies of the current rental agreement, record of deposits, move-in condition report, and record of improvements made to the property since the tenant moved in.

AND you'd have no right really to go in there and disrupt the tenant's lives to improve the units so you could get higher rents or sell the property for a premium.

If you include them the profile of the deal is quite different.Dep assume 50k  = 150 a month Property tax              90 a monthMort int                      208 a monthsub TOTAL                 448 a month Assume 32% tax      143 dollars saved on personal taxes a month ( you can include the other expenses as well)principle pay down  60 a month (50k at 5%).  

We wanted to put our daughter's name on the title along with ours, so we waited to close until just after she turned 18 and was legally able to sign paperwork, closing in February.With help from our Michigan-based contractor, who lived in the house while working on it, we converted the 1st floor back to residential use, adding a large 6th bedroom with walk-in closet, another full bathroom, a study room, and a living room, and made a myriad of small improvements. 

In general, I think the area is improving, going from what I'd call a "C-" to a "B".  

I do like making a nice property for someone that might not otherwise have had one, and it feels good improving an area of town that certainly needs it.

Generally a rent increase of more than 10% is considered excessive, especially if no improvements have been made to the rental unit.  

Property Numbers:Purchase price $108.5k w/ 20% Down loan at 4.75% gives me a $453 payment for principal and interest.Reno Costs: $3500 roof + $15k cosmetic update + $4k for other improvements/buffer = ~$24kRent: $550 and $650 after repairs and updates with 9% PM fee, 8% vacancy.

Moisture problems can often be solved by drainage improvement, proper foundation sealing, and ventilation.

As we all "graduate" from one life profile to another, quite naturally, those connected to each profile are usually different.