You still need to avoid doing anything that makes it seem like you’re being discriminatory especially against protected classes.

@Chris Kittle make sure you understand the Class of the property, so you can use appropriate vacancy + tenant nonperformance percentages.We recommend:Class A 5%Class B 10%Class C 20%Of course, we base this on our Metro Detroit market, so you may want to validate for the market for this property.

If tenant knows you do not have insurance, which they could learn by searching for you on the internet and finding this thread, they have the upper hand.  

I'm starting to notice that more investors (specifically Class C areas where one of my Indianapolis rentals is located) will advertise that "appliances and AC unit to be installed upon move in" for their rental or flip for the tenant or buyer.

That means that all neighborhoods have some element of "D class", so even if you make your property "A class", it will be held back in appreciation.

Vintage year is also very important, is this a c-class property (which it sounds like it is, maybe c-), B-class etc. 

Focusing on B and C-class properties is a smart approach for multifamily investments, especially in a vibrant area like Austin.

In my opinion taking a basic self-defense course and maintaining a solid level of physical fitness would benefit a majority of people a lot more than taking a CCW class and carrying a gun.

So the cheap homes in lower class areas that get the 2% rule will have the same cap ex issues and costs as the homes in higher appreciation areas that will need the same cap ex.

Are they interested or concerned about neighborhood crime, supporting data for surrounding rental rates that might affect your future cash flow, pictures or video of the property showing the class of the neighborhood and the property itself, ... ?