You tend to see higher turnover when it's that small; good chance the property owner or property manager can't find people that a) only want 700 sq ft and b) are willing to sign a 5 year lease. 

My experience is: if you have a rental that you clearly are putting in the bare minimum to get it rented: cheap carpet, quick coat of paint, cheap light fixtures, repaint cabinets, etc, in these lower income, higher crime areas two things will happen.  

I've recently been getting ceiling paints that go on pink and dry white to make it easier to see what spots were missed.

It barely scratches the surface. 

Assuming you're contracting it out make sure you get multiple bids and I'd do the bare minimum inside or do that yourself (unless you're going to make it a hangout spot as a feature for guests - could also do this over time as you see increased cash flow).

Thought about using that equity to buy a larger apartment complex but from what I've seen most of them in my price range <3m barely service the debt. 

With your one home barely being cash flow positive, but had a large amount of equity, we were able to move you into four excellent cash flowing properties that offered much higher returns, and increased your passive income.  

This isn’t just good news; it’s the biggest monthly leap we’ve seen in a year, and it’s even left the experts pleasantly surprised.Let’s Break Down What’s HappeningHere’s a quick snapshot of the latest trends that show the market's heating up just in time for the spring selling season:- New Listings: Barely nudged up by 0.1 percent to 680.

Nothing fancy just bare minimum with the cheapest material.

In the end, we managed to close the deal, but just barely.