Rental will increase also in the surrounding areas as people will not all be able to live right in the hot Nashville spots.

Height is about three feet I'd say, standard for the area.

She said it was because she needed help which sounded reasonable so I didnt increase her rent as stated in the lease. 

Hi @Cesar Ramirez,For the most part, six months plus a future-current appraisal must support the new increased value.Appraisers are frequently rather conservative until about the 12 month mark.

and bringing the the property back to HUD standards..  

I think that it would be optimistic to account for any appreciation or much rent increase at all.

I'm sure your $50k annual savings will increase over time as well, but this is just something to keep in mind.2)  The lenders I've dealt with typically only lend up until you have mortgages on 10 properties.  

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If you can increase your NOI then the VALUE increases NOT the cap rate. 

We currently have a couple of SFR rentals up here in the WA area (Snohomish County) and are looking to increase our portfolio... but now I'm a bit torn on whether we continue to invest here in WA or if we look to AL now that we will likely be moving there by next summer.Pros and Cons that I've weighed for investing in AL as opposed to WA:Pro -1.) it's cheaper!!