Depending on roof line you may be able to get alot of ambient light.

Provided utilities, roof, bathrooms, kitchen, etc are operable?

But, if an upstairs toilet leaks on their bed, you are not going to replace it, that is what renters insurance is for. 

The upstairs master suite features two large walk-in closets.The roof is 10 years old, A/C unit and water heater 7.

Purchase price: $142,500 Cash invested: $15,000 fully occupied, needs some updating, new roof soon, figure out porch thats not being used and falling apart, would like to convert attic to a third unit studio What made you interested in investing in this type of deal?

Because let's just say one side has a leak or left the water running and the bill is 4-5 times higher than normal.

Many times, looks worse than it really is .Its a piece of sheetrock or two, 20 bux , clean up, repair the leak, 250. 

And I have never had any major CAPEX expense, like we usually have here in the USA (HVAC, water heater or Roof).

Appreciate your help.Okay, so a new roof needs to be put on, who pays for that?

We for example, are OK with "Cabin Style" under this brand-new definition - since this issues comes up frequently:Properties with “Cabin Design (Style)” per appraisalreport are eligible if Foundation Walls = Concrete Block Roof Surface = Metal or Shingles Heating = FWA Interior Walls = Drywall or Plaster