Also your insurance expense will be higher due to the structure's age.  

If you provide a refrigerator, if it breaks through age or no fault of the tenant, it's your responsibility to replace it.

Ryan to your point on REIAs I decided to go to my local one I had not been to it in years.I went when they had guest speakers.. and of course it was an upsell to buy their program both of the ones I went to were by guys my age who were selling stuff that worked in the 80s LOL.

With regard to the unevenness, while it is likely related to the age of the home it may have specific causes that can be addressed somewhat.

@Samson Hall, congratulations on starting real estate investing at a young age!

I also relied heavily on the appraisal report as a 3rd party verification that all information was accurately presented to me. 

However, converting these into desirable, owner-occupied homes could capture untapped market segments, particularly as economic conditions improve.Age Distribution and Market DemandDiverse Age Groups: The presence of young adults and an aging population suggests varied housing needs—from starter homes to downsizing options.

And their roof loss settlement is "variable by roof age", not actual replacement cost, nor depreciation adjusted (most insurances will hold the depreciation portion of a claim till the repair is done and only then release the funds).Make sure you compare apples to apples when shopping around, pay attention to what they give you for "free", what deductibles apply and when exactly you can get coverage from the insurance and to what limits.

I relate pretty well to college-age students being in my mid-20’s so college towns certainly are attractive.

Unfortunately, jurisdictions seem to be applying it by the age of the unit and not by when the unit becomes a MF.