3) If we're gifted this property, the taxes we'll eventually have to pay when we sell it will be huge - we'll have to pay cap gains on the full sale price (less expenses)Any advice is greatly appreciated!

At a 10% cap rate that's a value of $105,000.As for the homes, if they are older than 1990 then they are probably worthless because the cost to make them in good condition to sell them is more than they will sell for.

I assume 100% of the cashflow goes back into the business, ie Cap Ex, repairs, future deals.

2) If I become the new landlord, Am I restricted to the 7% rent increase cap?

Markets that provide high cap rates are generally riskier markets to invest in than lower cap rate markets.

And the 868 cash flow is with everything included I made sure to factor everything in with cap and insurance and property taxes as well.

Rent or lease payment options or features?

Our local MLS board has considered removing the feedback feature altogether.

The increase in NOI more or less guarantees an increase in (Direct Cap) value so that works in your favor for the finance renewal or sale.

For my larger multifamily properties, I do a quick NOI divided by the cap rate.