https://www.statesman.com/news/20190418/austin-region-fastest-growing-large-metro-in-nation-8-years-running-data-shows  Its job creation that is always the driver...

If so you can try to get the tenant leaving to pay that as to avoid being on the hook for an eviction or collections if the tenant who remains stops paying the rent.

PM collected rent and ran away.

Groundfloor recently posted an empirical analysis of estimated ARV for all loans that subsequently repaid in 2018.The data shows that the median predicted value was 4.7% lower than the sales price, while the median appraisal value was 8.6% lower.

.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

I have a personal policy to never renting to anyone  that I can not collect from.

Also in the news this week that NY lost 48,000 in population in the last year:https://www.pressconnects.com/story/news/local/2019/04/18/population-loss-plagues-new-york/3482885002/and several articles have noted that the number of TAXPAYERS in NY is dropping faster than the population:https://www.timesunion.com/local/article/Study-finds-New-York-losing-the-most-tax-payers-9223778.php Draw your own conclusions about this data.  

If the sales data doesn't show buyers are willing to pay more for the systems, then it's hard to justify a bump in value on an appraisal.

The operating company takes on all of the liability that would otherwise blow back on you including: paying property management, paying contractors, collecting rent, marketing, etc.

At tax time you would be able to write off the interest expense and the lender would pay taxes on the interest income the business collected from you.