For instance, do 2/2 properties typically have longer average stays, or are they more desirable?

This concept aims at addressing the challenges of what to do with defunct suburban malls and maybe even empty big-box retail store spaces that are in desirable and affordable neighborhoods.

Research your local market, budget realistically, and focus on properties with good potential in desirable areas.

Most often it's in free & clear properties but, in a high enough desire area like these, and with low enough mortgage balance, yup, some can 100% get enough on the sale to have it all make sense because as @Jay Hinrichs has pointed out that in these areas the majority value is in the land not the structures on the land. 

For $1,500 renters in Cincy would expend very nice place on a quiet street and desirable area.  

I've flown down and walked the units at Western Way and there is a lot to be desired.

Phase I of the development was in the more desirable city + Zip. 

We are looking to buy a condo in Chicago as the new rental, for a variety of reasons, but most importantly because it would rent better in the city, and it fits our desired price point (so we can allow for the rest of $$ from the sale for paying off their Oregon home and pay all, or some of the taxes on the boot). 

The new design takes the home from a 3 bed, 2 bath to a 4 bed, 3 bath, 2,400 sq ft rambler on a large lot in highly desired area.

Repeat as desired.