Who knows when it will come but I have seen a lot of people pretending that values will only increase and rents will only increase and leveraging according to this assumption.

plus like you say it will increase your personal cash flow. however I'm not a CPA or a financial expert.

The rental market here has been increasing steadily for the last 5 years, so makes sense to buy rather than rent if you can.

It divides the taxes up among the doors (property, not buildings are taxed) and increases cash flow and makes rent more competitive. 

Looking forward to increasing my knowledge here.

@Matt Soffer I would recommend increasing those numbers if possible.

Raising rents to market value and renovating the units as those tenants move out has facilitated an NOI increase, further increasing the value to ~$250,000.

It doesn't really make sense if you cannot evict problematic tenants, restrict rental increases and your costs goes up over time while market rate apts sky-rocket.HENCE why I invest in smaller buildings that are not rent-regulated.

Many times, investors well then subsequently move the property into an LLC.

In addition there are considerably increased costs when it comes to re-roofing the property when panels need to be removed and reinstalled.I see no financial upside for you as a landlord and can invision several down sides.