We were able to buy these places very inexpensively, because other prospective buyers only saw it as it was. 

Will the history of this property deter tenants from renting the property or it doesn't really matter?

On a small scale I think we make the biggest differences, if the lady you spoke of came with a prospect, there is nothing to say you can't go with them to the local VFW or American Legion and see what they can do to help you help the specific vet.

I am generally ok with students if parents co-sign.... remember to follow fair housing guidelines as family status is protected--the kids are irrelevant when you are qualifying a prospect.

If the studio is operating within laws, you may want to make prospective tenants aware.  

Your not in the helping to buy or sell real estate,  that's the side effect.. your in the prospecting business...if you don't enjoy prospecting, it will be a rough going.. gl..

Much probably depends on your market for the appreciation play (lots of potential or ho hum prospects)... and also other investment prospects.

After reading the Millionaire Real Estate Investor, I have been calculating my prospective REI purchases using a 20%-30% discount off the asking price so I can make my money going in.

I'll definitely be contacting you about prospective properties.

This is the time where I work on building my business, prospecting for new leads and clients, and furthering the relationships I already have.