@Tara Jenkins - If you Cash out refi you are likely going to increase your monthly payments and will be paying on that right away. 

If you have changes, like a rent increase, write them in.

What if they stay 10 more years, with zero rent increases?

Our two duplexes in Jacksonville were 1.6% when we purchased them and now almost 1.8% after our rent increases.

My main piece of advise : As a new investor it can be really hard to wait until you have the capital to get started with something worthwhile, so focus on your research and on building your analysis skills, focus on the numbers and doing conservative math (ie don't include rent increases or appreciation, which are never guaranteed).

I feel like this is one of those “what you feel is right, is right” moments, and I have been increasingly feeling like it’s time to say see ya, but the data doesn’t besides this one month. 

2) Does the property have enough cash flow to support increased vacancies during your improvement plan?

Are you trying to increase equity or value?

Enodo predicts the amount of rent increase you could withstand for a given value-add (e.g. a dishwasher or new countertops) in all zip codes in the US. 

Hey yallanybody know much about the process or methods behind school boards combing through LLC transfers to notify the county auditor to manually increase taxes?