Not renovated in one of my inferior pockets - but still good area3.

If the 2-4 unit is inferior and the home they are leaving is superior bigger in sqft/gla it usually gets flagged.

Always thought they were so inferior to stick houses.

The lack of capital gain would already be a huge no no for me but so is the inferior property title (foreigners can't own land in Thailand).There are so many better ways to make a 10 - 12% ROI, which by the way you're not guaranteed to get (which would be ok if you could get capital gains)!

They will not let you build a smaller home or something inferior because it will look like your downsizing.

Nonetheless, many will not mind, but these are the folks you need to be careful about, as there's a good chance they will be somewhat "inferior" tenants.

Essentially, is this home superior or inferior and can it pull an after repair value closer to $160K than $142K?

Some don't want them, but will still do them - their terms are usually inferior by quite a bit. 

Overall, my opinion is that it is inferior to most any deal you will see on CrowdStreet or RealCrowd.

The age is part of the local neighborhood quality without degrading the asset to an inferior condition.Here is a discussion on MFR asset classes...it gives aome key points for what makes up the quality of an asset:https://www.biggerpockets.com/forums/311/topics/797178-multi...