How long will they have to cover property taxes etc for the decision they make?

Possible add insurance on your appliances with them paying by adjusting the rent or if they are OK with it so if something else breaks,your covered. 

Alternatively, you could split it between House 2 and 3 in a way that covers your building budget for the apartment.

Martin the property management argument isn't really an argument if you look at the bigger picture that most investors don't want to manage their properties anyways because they are spending most of the time on their main job.

Quote from @Bruce Woodruff: Quote from @James Wise: As for the weather, with all of this global warming, 'All of this global warming' may be/probably is temporary in the big picture, just psrt of the cyclical nature of our wonderful planet.

This will give you a clearer picture of STR potential.Sounds like Johnson City is a hidden gem worth exploring!

After they asses what all needs replacing or what they feel needs replacing they'll submit to you what they're willing to cover and deductibles and payments etc. 

Invest in some awesome parking facilities, like garages or covered spots.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

@Matt WeddonLegally, you’re covered as long as you stick to objective, non-discriminatory reasons for rejecting someone (things like personality or ‘vibes’ don’t cut it in Fair Housing law).