They're naturally brighter, are more ventilated and make the space look bigger. 

Market appreciation continues to help offset budget overages Buying Costs $4,000 $14,267 $10,267 Offered to pay the tax lien in my offer Holding Costs (8 months - this incl loan i pmt) $21,869 $25,223 $3,354 Supplemental tax, utility costs higher than expected Selling Costs $22,350 $23,550 $1,200 HOA fees drove costs Total Fixed Costs $48,219 $63,040 $14,821 Delta largely due to tax lien Finish Materials $20,000 $22,924 $2,924 Counters & flooring drove addl costs Labor / Equip / Build Materials $47,263 $56,898 $9,635 Contractor costs higher than fcst.

Due to the nature of the collateral being investment properties, you can expect that things will be pretty vanilla for these type of products.

Also because of the nature of the market it can be tough to work with agents if you are trying to get elite level return, because you (reasonably) become a very difficult client compared to someone willing to scoop up some 8-9% gross return resort turnkey cabins with cash.But this describes me - I just did 10% down on my first purchase in the area with a high bar for ROI expectations and am now looking for my second purchase.

Additionally, a small multiplex of studio apartments is not ideal given the transient nature of the tenants.  

Yes, there is great potential for problems in older properties and the nature of HOA boards.

Edit- I know you have a label for real estate agents, but given the nature of the site, doesn't the term broker also elicit thoughts of an agent or is it just me?

If you stay with basic natural and earth tone colors for the walls you will be fine.

The nature of tenant/landlord laws were scaring me.

Folks are naturally skeptical of strangers on the internet.