I increased the weekly rent in 2017 and again in 2018 without any dip in demand.

WOW, thank you Andrew for your reply, it seems like if I purchase a brand new house, I will have to depend on the home price to increase and the chance is hard to predict.

Over time, as the mortgage interest declines, your net taxable income increases. 

I build vacancies into my expences and will rely on that ahead of increasing my risks. 

My goal is cash flow, and increasing units over long term.

@Andrew MerewitzState of LLC FormationIt is normally advised to create the LLC in the state that you will be holding the real estate; Florida in this case.If you created the LLC in New York - you would be required to register the LLC in Florida; increasing your total costs.Please also be advised that it can be costly to form an LLC in New York.Location of CPAThe important aspect of looking for a CPA is that he/she understands the taxation of real estate.Technology(emails, phones, skype) allows you to communicate properly through an accountant eventhough he/she may not be in the same city as you.Florida does not have a state income tax.

GDP growth -> job growth -> population growth -> price increases -> rent increases.

Which means, all-in, you'd need to have only paid no more than 70% of its (subsequent) appraised value.

Don't concern yourself with the increase over time , you will only set your self up for dissapointment .3.

Most have a tenant rep broker they use and connect you up with them.Cap rate is usually tied to location ( urban,suburban,rural), location and quality of the tenants ( national, regional, mom and pop), and terms of the lease ( primary lease term in years, level of lease guarantee, rental increases, any termination rights, disclosure of sales, restrictive use rights, co-tenant anchor clauses,etc.).You need a void analysis from a landlord rep leasing broker.