I think that it speaks to a large pool of buyers, though.

They don't land here from Mars, they are coming from the same pool of people that make up the rest of the population, including (surprise, surprise!)

The market certainly offers a tremendous pool of renters in the form of students and staff as @Jonathan Greene pointed out.

I would agree with Livia that a tub is more luxurious, but not at the expense of a great walk-in shower, large double vanity, stand alone water closet, etc.How much is your budget?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.

The seller also has a limited pool of buyers for this.

This allows you to test the waters without committing entirely to unfamiliar territory.Local Expertise: Leveraging the knowledge of local experts is invaluable.

Water that foundation and keep those big tree roots away from your house!!!

This slowed the water down but did not fix it.