They are still passable in the right market for up to 10 years, but, will not be perfect and will be a negative to a discerning tenant. 

@Christopher Smith yes, that situation is clearly compliant and easier to discern that it is passive since you've turned it over to a PM.

Work with an agent who can help you discern what you need.

I grew up out in the valley and cut my teeth helping mi padre on a couple of fourplexes that way - I'd be glad to help you discern the local market out there. between the detached newer construction - to the more traditional 80's built stuff - there's a fair bit of variety there.

I have not seen any discernable changes. 

I want the lead that isn’t discerning regarding a reputable company.

Discerning?

Have you observed in your local market that discerning buyers may discount these spaces and not consider them as true GLA?

As suggested, if you run a title ownership and encumbrance report, you and your attorney should be able to discern which lien is at the auction.

All these questions could open opportunities for servicing them multiple times, if your property portfolio calls for it.Personally, I would be concern with discerning the motives of those who have never owned property before and requiring several references on not only their rental history, but also how they keep of the property.