Otherwise, settle for 8% to 10% on your money, pay 20% of that for income taxes and let inflation take the rest.

Every renter KNOWS that rent will inevitably increase over time and with inflation, so they're probably thrilled that you've waited this long to increase it as it is.

I suspect because of the rising price of rentals in NYC, tenants are now moving to the Newark/Irvington area.

The 2-4 unit market is starting to get pretty inflated here though nowadays. 

@Account ClosedIt a definitely possible in a rising market, so we'll assume that the market is hot and prices are appreciating 10%/year.

Using 3% annual inflation on $60-75K it will be $122-$152K in 25 years when you retire at 59.

As long as productivity, employment rates, and income aren’t negatively affect home prices will continue to rise as inventory stays tight.

@Raphael CollazoI think cap rates won’t rise until interest rates do.

A couple bad points about the house is that it's in a flood zone, so the insurance is very high and I fear it could continue to rise. 

Here's Part 2 of my story (How I rose up from losing everything):https://www.biggerpockets.com/forums/55/topics/692382-from-bankruptcy-to-1-000-units-part-2-rising-from-the-ruinsHopefully that inspires you.