From the podcasts, I understand that values won’t increase rapidly and I’m OK with that as I want to buy and hold and pass them on to my children.

The property value is expected to increase in coming years and the area seems steadily on the rise.

We noticed this because we asked for a rent increase and the letter gave the 2 bedroom voucher info.My understanding was that it was possible to get a tenant that was in section 8 out of a unit, if there was a disagreement on the rent increases.

That said - it’s got the room, it just might lower your ROI some if you put something like $200 each /mo.Also - double check that taxes won’t increase when you buy the property.

Rents total $4400 and probably have room to increase 100-150 per unit right now.  

I just paid about $2k to do a whole house but that included painting the walls a lighter color and repairing all of the small cracks and holes from the previous owner hanging pictures and shelves all over the walls. 

Originally, my rehab budget was about $63000 which included roof, siding, total redo on the inside, new furnace, air, and duct work (currently has old boiler system and no duct work) I had several companies say they wont do loans for less than $75000, so i increased my budget, opting for higher end counters, etc...

Without knowing it you are losing money every month and will continue to do so at a increased rate as your equity growes and your expences increase. 

Thats what i thought was going on in monkey junction, its a nice area but it already hit its price increase so i dont have the money for that area right now.

Therefore, you need to increase income even farther, without taking on to much debt to screw up your ratio and have a big reserve stashed away.