I'm not sure how it indicates an "older" property 200 year old homes have peaked roofs and I would consider that an "older" property.

Your profile indicates you are not a newbie (your unit count is very close to my unit number) so you may have the experience to invest OOS successfully but I question if you have the capital for this investment and if you have run the numbers to realize how much you will be initially supplementing this investment.Good luck

The city zoning has the home listed as single family, but the previous owner added in a second meter for the basement it looks like.It would be advantageous for me to have it appraised and classified as single family since it will me a lower down payment, but the lender has indicated he thinks the appraiser will say it’s multi since the basement has a kitchen.I’m unfamiliar with the specifics on this situation.

If there is nothing indicating they still act this way, I am likely to overlook it. 

My parents' attorney has indicated that if no one bids at the Trustee's Sale, the property automatically reverts to the Bank, and the junior liens are all wiped out.

I put in $12k in repairs but feel like that might be a bit low considering the listing says it needs "some repairs" which (at this stage in my education) seems to be a big indicator that it's more than just light touch ups.

LOLAgree re: "hotel syndrome" and guests falsely conflating stars as indicators of quality/luxury vs. experience/expectation.  

You might want to see this:  https://hudsoncountyview.com/w...Indicates that it may be in late stages of a Ponzi scheme if they are really over prescribing their properties to investors.I'm barely into the accredited status and won't take that kind of risk.

No, despite the BP blog post that seems to indicate that advertising is some kind of magic bullet. 

Your Tenant won't accept the other rental, which clearly indicates he's not concerned about his health.