@Michael Ealy Excellent!

@Joshua Myers I would be selective with Franklinton.

What he/she did was selecting three comps and adjusted their values based on the differences between my property and these comps.

The property is completely paid off and has an excellent tenant in place paying 2,400 a month in rent.

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Thanks for the excellent reply @Michael Plaks.

Tenant selection is important. 

Use value-add property locally (and take advantage of the excellent appreciation rates) to fuel your BRRRR/long-term buy and hold investments in other areas that afford you more cash flow.

If you have an excellent renter and they are less than 10% below market, I prefer to only raise the rent every second year.