I think this way of thinking is a bit foolish and can leave thousands on the table.When I'm looking to process a renewal, whether for my own investments or for my clients, I start by completing an analysis on the tenant.

We went all in on renovations—tore down a chimney to open up the space, put on a new roof, installed HVAC, updated floors, and completely redid the kitchen.

This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.

Crypto currency is completely speculative.

(trying out my newly learned skills, lol) I completely agree with you that it is important to know your market as I'm trying to learn mine right now.

A helpful trick is to completely ignore the rents the buildng comes with and figure out the actual market rents you can get. 

In terms of is it a good deal that is completely subjective.

I live in Chicago and am working on my broker's license currently, hopefully to complete by the end of the year.

I will be primarily buying single family homes to start. 

This will primarily effect tenant's sales and your ability to re-lease when tenant moves out.You have building risk: primarily, how easy will it be to re-tenant if your tenant goes dark or leaves.