Ft. attic conversion to 2nd story with addition of new shed dormers to accommodate the footprint. 

Could anyone shed some light on the rental market for single family homes in these areas—demand, turnovers, ballpark vacancy rates and I suppose overall “trend” of these areas in the last few years?

We've come across a duplex that we're interested in purchasing (placed an offer on it of $137.5k), where the owner is a real estate investor at the tail end of their career and is planning on shedding their portfolio of 70+ rental properties over the next 5-10 years.  

Deal Stats:Units: 4 (2 duplexes with a shed and connecting roof)Rental Income: 2400/Mo, 28,800/year - though only 1800 when Im living there.Cost: 220,000, 3.5% down with FHA, 30 years at 3.25%Cash invested: ~9,000All units full right now, further deal analysis in this threadPlan is to do renovations on the unit I'm living in, purchase another multi unit in town, a flip in town, a turnkey out of town (have been looking at KC, Cleveland and Indy) with the refi cash and building an income stream from REI. 

Please shed some light if you can.

If the seller accepts the offer one of the things on my list to figure out is if the screened in back patio and backyard shed/1 car garage (that is built only 1-2 feet away from the neighboring fence-line is permitted or not.

If anyone could shed some light on the differences in taxes in these areas that would be great.  

@Mike Hartzog @Dave Van Horn can you please shed some light on how one can calculate the outcome for each exit?

Maybe you can shed some light.  

Take a look at the thread because I just posted the info I got from the Broker maybe you can help shed some light.