The real lesson here is to not include additional amenities built into rent (like Wifi).

And the wall is built on top of that wood.

We built into our automated messages to ask for feedback and do so prior to a review.

Prices still attractive, but town growing that way. 

Drive around in the parts of town that you want to invest in and see if there are any bandit signs.

For instance my 90 lot subdivision at one point I had 90 legal descriptions and parcels on one master deed.. as I sold them off we just deeded them out separately.. its super common especially in older platted cities were lots might have been small like 25 X 100 and someone bought 3 of them and then built one home on all three.. some places they force merge them others you can go back and recreate the Old lots of record.. there is millions upon millions made by those that know how to find shadow plats and bring to life underlying parcels.

With all the money they had made from the show they bought a few city blocks in the heart of the neglected downtown of Waco, applied their renovation magic to it, and quickly built a beautiful Magnolia campus in the heart of the city.

From an appreciation standpoint, it's hard to say that a home built in the 1970s will likely appreciate less than one built today. 

If it's currently zoned for mixed-use, you want to check with the town on what can be done there before deciding what to do.

This building was built and 1924 and has a lot of old character.