@Martin NestaI don't have much info for you - but I do know the 'nature of the beast' I can share with you... perhaps something will help...Most property tax "just values" in Florida - the value they say your property is worth - are intentionally set about 15-20% below market value.  

It’s worth researching markets that are known for being investor-friendly.

Hi guys, I'm new here and to real estate I'm originally from Asheville, NC but the Army moved me to Clarksville, TN I'm looking forward to getting my first rental property and keep learning and expanding my portfolio so I can set myself up in a better position for the future so I can spend more time with family and friends and not be forced to have a W2 job for 50+ hours a week.

You already know how to manage and rent it, might as well keep it and enjoy the cash flow.

There was another known heir the passed with no children to pass her ownership to and a few others that can’t be located. 

I'm not excited on doing a month to month because I'd like to get all my tenants locked in (my strategy is a rent by room for multiple rooms in a SFH) so I can get my leases set up to my lender for the next property. 

I also work with OOS investors and have a list of property managers that you can call and get information from as well. 

well, it is actually in how the loan is structured.

Well, that's why I said "is that legal to do".

Aside from the obvious setting aside a flat amount, is there another/better rule of thumb to follow?