I accepted a tenant into a B class rental a few years back who was making low 6 figures at the time as a union boiler-maker but had NO CREDIT SCORE!

for me, the ones that cashflow the most are the ones that I bought with 3% long term debt, they were new (low maintenance) and they are in high appreciating areas(just a bonus but does not impact cashflow).

I would search for a property that has a low interest rate Fha or VA loan.

However, at $105 per SF seems very low.

Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.

There are a lot of hotels right now that are failing and going under due to low cash flow -so its a failing hotel.

Also, for low value properties, most lenders wont take the risk. 

Focusing solely on numbers often leads to the purchase of low-quality properties.

The light rail makes it still an easy commute.

I haven't filed a claim all these years but insurance is for the what-if and to be used for the high-ticker items, but chances of damages exceeding the 5% is low.