@Alex Furini Look at the code under 334-10  Permitted Increases.  

It depends on your market, on the prospective deals you have in front of you and most of it all, it depends on YOU.

Prospective tenants are asked to fill out an $45 application fee which covers the credit/background check.

Any waiving of SDC's for building permits to attract employer's ? 

RIGHT TO ENTER: You consent to our entering your apartment during reasonable hours for any inspections (by us or prospective buyers or renters), maintenance and repairs, pest control, for delivering notices, and for other purposes as provided by law.

I currently have a mortgage on the home we live in and am just nervous at the prospect of buying another property.I feel like I just need to do it and rip off the bandaid, but it’s nerve racking!

If it is high in demand, I would look into other "higher quality" tenant prospects to rent to.

The more I look at the long-term prospects of the area, well after my wife and I are gone, the wilder things get.

High turnover and they'll tear the property up.One final point, the houses tend to be older so once you pull a permit your usually doing a lot of extra work .

Which poses my next dilemma in that we live out of state and any response that we get from prospective properties we wouldn't personally be able to drive out to the properties to inspect them.We have a real estate agent that I used to purchase a handful of investment properties and he's been great finding deals, but when purchasing off market deals I think we'll be dealing with sellers that aren't interested in paying the buyers commission (for the most part).