Size doesn't matter so much, so although 9x7 is small, if all the other conditions were present, I would call it a bedroom.

I have seen many a gorgeous historic home in fine condition be assaulted and battered in this manner in the more chic and expensive areas near me, and it is something done usually by a contractor who has no architectural literacy about these styles.

National economic trends, local economy, neighborhood situation, home condition, desirability as a rental, demand factors as a purchase, and too many other factors to mention. 

The lower the condition of the property, the less leverage or likely they'll be willing to collateralize. 

It's a big decision, and it's smart to consider all angles before diving in.You're right to weigh the current market conditions and potential future trends.

It is in perfect working condition and has never had any problems.

A friend recently asked me to compare two Houston zip codes, 77008 and 77063, from an investment perspective.Now, I'm a big fan of Texas but the first thing I said to him was the weather is HORRENDOUS.

It also might be a lot faster to get it in rent-ready condition than a new build. 3.

Hey Ugo, it's tough to assess the property's condition just from pictures. 

I would also check Zillow so you can scroll through pictures and see what the conditions of each unit being advertised are.