I do not flip but I just do not see the numbers working for a flipper unless he can do more than a rehab (i.e. add a second unit, etc) to increase the value.Good luck

This method won't increase my monthly cash flow much in immediate future, but as loans are paid down and hopefully appreciation occurs, my overall situation should improve dramatically. 

Monthly rent increase for that unit is $200. 

As foreclosures increase, more rental units will be required.http://www.deptofnumbers.com/rent/us/

I am looking to get a 30 year fixed mortgage shortly (construction to perm to be exact.) and am trying to find out the best way to file 2016 taxes to increase chances of approval.

Just know that it would be horrendously low based on actual numbers.I think your biggest challenge will be attracting decent management with such a small number of units. 

The area is coming around quick, but I would be more inclined to buy/hold then flip in 2-3 years when the neighborhood has more of the amenities that attract homeowners as opposed to renters.Just my 2cents.

I will have to admit that i have thought back many times to before i was married and had 3 kids that if i could have done it again that would be what i would have done.Condos could be good could be bad... the thing you want to watch out for is the association and how often the increase the dues... they tend to cut into your profits.

In any case, these new technologies are increasingly becoming expected by home buyers and businesses.

You'd have to get a $35/month rent increase to make an extra $20 the whole next year of the lease.