I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. 

By this point, they will have already thought about what might happen if you leave, including the need to turn over the unit and find a new renter.

Include balloon payment after 5 years.

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Have you looked into property management options or run numbers factoring in potential vacancies and maintenance?

It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals. 

@Alex Messner, your decision, amongst other factors, mainly depends on you and your wife's financial profile. 

However, does that include people who wouldn’t qualify?

Ignore the $1,250 per month because that's your cost of housing, if you didn't pay that on the home you'd have paid that in rent so that's a non factor. 

Brewerytown and East Passyunk could also be worth exploring.Big projects like Bellwether can boost neighborhoods, but they often take time to show results, so don’t count on them as a main factor.