There are big benefits in holding a property rather than buying a new one such as that the property taxes will be lower due to not being reassessed as they are on sale.

My brother's land was bought from tax lien and the court sent paperwork

Someone bought my brother's land tax lien he past away the court sent a court case paper

Moreover, Kentucky generally boasts lower property taxes and insurance rates compared to many other areas in the country. (2020) #3 Cities with the Best Work-Life Balance, SmartAsset, (2018) #3 Best City with the Highest Salaries and Lowest Costs of Living, GoBankingRates, (2018) #1 Most Affordable Cities for an Early Retirement, SmartAsset#3 AppreciationLexington stands out as one of the few cities in the nation with an Urban Service Boundary (USB).

Your cash value grows tax-free (with proper planning), providing you with an ever-increasing resource to fund your real estate ventures!

If you rent it out for more than 2 or 3 years and then sell it, you have to pay cap gains on the profits.I'd also run the numbers on the house to see what you'd get for rent and what all of the costs are associated with the house (property taxes, insurance, repairs, vacancy as well as mortgage payment). 

Immediately filed tax appeal based on the closing price, won and reduced the property tax.

For rentals not yet showing on your tax returns (like your Nevada property), many lenders will use 75% of the monthly rent to offset your PITI. 

Make sure the rental income comfortably covers your mortgage, taxes, and other expenses.

That will help you make the decision.Between your BAH and tax free 2 of 5 years primary residence you just have to breath to be a $1mm in 10 years.