Practical answer - Increase wealth for here and now as well as for my kidsFun answer - Thrill of making deals

While they more than fit my main two criteria for tenants, namely pay the rent on time and no concerns about damaging the property, they are becoming increasingly demanding about improvements to the house and yard. 

If am to increase liability and vandalism the added cost is $130 + the basic insurance $908.

The city is also working on another ordinance that will make it easier for tenants to report  substandard conditions to the city and for the city to be able to require the landlord to improve the conditions, or risk having the property boarded up.

Plus 50% of any increase in the price, if there is any.Most HML look at 12% with less risk (70-75% LTV vs. your 100%).

after 2 consecutive years of 0% rent increases on 1 year leases and now only a very minimal increase they are proposing a bill that, (ready for this one??!!!)

The VA never registered the house, or paid the fee, so I have to wait for them to do that. 2) I wasn't aware that because it is bank owned, I was responsible for getting the conditional certificate of occupancy and fire inspection.

It cash flows well and is in fantastic condition with current long term renters. 

The great thing about buying SFR for a cash flow rental property for the long term is even if values drop in the short term because of a down economy rent prices increase because no one wants to purchase housing when home values are falling.You just need to be a little careful in the area that you are trying to invest.

When you purchase with an FHA loan and a 3.5% down payment you will need to pay PMI until your equity increases another 16.5%.