I'm in the process of buying two properties - walking into them, I was instantly covered in fleas in both, and one of them had literally thousands of roaches, and what I am guessing was bed bugs crawling around.

I guess for now you are ok but going forward you could have problems especially if you sell or if the city wants to do an inspection and discovers an illegal bedroom. 

I know this form of marketing is effective, but I'm guessing I probably didn't perform it correctly which cost me a lot of time and some money.

ok, I'm not sure what other (sub)forum this would go in, but I guess it could be an innovative strategy, so here goes my basic idea.1.

@Josh Compton I guess to some people that would be a bad return, but others not. 

(Guess that is what we are calling it now?

A great property but trusted the agent to much I guess.

Best I can guess is during DD interview each resident and get them to sign an estopfel letter capturing what they remember and agree to.  

I would guess that you would have high vacancy rates, and high repairs on most property at that price.  

My best guess is that it was actually underutilized.