There are places like Indianapolis and Milwaukee with $50k duplexes that rent for $600/side.If your property isn't losing money and you want to keep it, I'd try to find a way to increase your rent (renovations, etc) or cut your costs (change insurance, refi, etc).As far as amortization, my feeling is that you either want no loan, a very short loan (so you will own it free and clear soon), or a very long loan (so you can cash-flow better).

RELIANCEONRENTALINFORMATION:Outside of a sale-purchase scenario, this Lease agreement is often executed subsequent to Tenants completing a Rental Application and their rental application being accepted.

The Porsche increases in value and rents every year and eventually the rental cash flow is a high ratio to purchase price. 

As FHA values were just increased in Cook County for 2018 by 40K for almost every type of property.

Generally, insurance payouts reduce the basis in the property while the funds spent to make the repairs either increase the basis or might be able to be expensed all at once, depending on the nature of the repair/replacement and total funds spent per item.

Concentrate on savings, living frugally will be your best approach to increasing savings.

I was hoping to refi in a few years and get cash back out at the new value after rents are increased.

Comparable sales on 3 Bedroom two Baths in the area is from $120,000 to $150,000 move in ready as this one is the $15K delinquency is PTI and increasing every month, and the owner finance buyer bad credit will not allow refinance as you suggested Jay.   

I also made mine taller, which should increase the stack effect and make them more efficient.

She agreed, I gave in to resistance and increased my cash flow.