I currently only pay 100$/month to this and save the rest of the cash flow for vacancy, cap ex, etc.**   I'm hoping the refinance has the equity to do a cash out refi but I'm looking to settle the variable rate currently in the meantime.....

No 5% cap rates for THIS investor, thank you! 

Do I only pay taxes on 7/24 (7 months under the 24 needed to avoid taxes) - So profit of 100K cap gains tax is 50% - $50K multiplied by 29% (7/24) = $15K in taxes rather than $50K.

Figure out your CAP rate, and if it makes sense put your agent to work to get the best deal for you.

No rental cap or rental restrictions. 1 parking spot included. 

I'd have to run a 220V line that's not there and cap off the gas.

As you mentioned, there are several carriers which will cap the number of properties, or have similar measures, which often make things difficult for RE Investors and the Like. 

Hi @Ross Drucker,You know that Fannie's cap is 10 financed properties, right, not the 4 that many people claim?

Hagerstown is attractive to investors due to the low entry price points and high cap rates but understand it is a cash flow only type area. 

You need to figure out exactly how to calculate them and figure them out so you can calculate the NOI and determine the cap rate of your market.