It may mean you have more owners or it's not an appealing market to rent for whatever reason. 

The rest are aesthetics choices that need to be desirable in 5 years.

Just the filing or has the tenant appealed?

The paperwork is redic, but the golden rule states that "she who has the gold makes the rules," and her name is Fannie Mae, and she's got that gov't subsidized 30YF interest rate that you find appealing.

You will find that a lot of people love the appeal of notes but don't take action and/or use their resources such as bigger pockets.

I plan on having the house have an open floor plan, granite, updated flooring, new windows, adding some curb appeal - the works. 

Didn’t get too much out the list but a few contracts one with real good numbers but didn’t sell due to curb appeal

It doesn't make any logical sense to me, but maybe I would appeal to a different buyer profile that almost prefers to buy the most expensive mansion on the street that they can find? 

The appeal there being it wouldn't interfere with getting bank financing for buy and hold.

You can even appeal based on a contractor's quote.