The home in mn over 20 yrs averaged 2.8% increase per year.

Sure rent has increased, but the number will put you massively underwater right off the bat.

Don't forget to ask when the last time everyone's rent was increased - with section 8 you can only do that once/year. 

The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.

These are just some of my thoughts and concerns.

In my STRs the bigger the better as far as bedrooms are concerned.

They've increased the price several times in the last few years. 

I would slow down and think about your BUDGET, what you can get for $30k, and how you can increase your income.

Buyers usually want to purchase on today’s value while sellers often want to use future potential of the property (“current rents are below market” or “room to build an additional property”, etc) to increase the purchase price or likelihood of a sale.

@Chungying ChuIf you want more liability coverage, ask your insurance company if you can increase it.