Being that it's a small space is Eastie and lots of development happening, you have to work around and city.

Of course, you'll have to know your inputs, otherwise watch for GIGO.STR in city of Austin is heavily regulated and restricted - might want to get clear on those regulations before counting on that. 

We have been roofing houses on a small scale for a couple years now. 6 months ago or so we bought a flip in a city close to ours that needed a LOT of work.

City ordinance requires us to provide both garbage and recycle service for our multifamily properties.

They Must not exceed any housing requirement for the city county or state (too many people or adults or whatever in the unit)For credit score I look at things like past due balances, what they were for and when they occurred.  

I do however, think that it would present a very unique opportunity for a buyer with children whom wants to relocate from the city (easy commute in) and perhaps have additional rental income, OR move the in-laws into the ADU. 

As far as economic indicators go, there are 100 cities that are comparable to Dayton...it's a lot like Cleveland in that it had a declining population for 40-years...and now appears to be stabilizing. 

I am an attorney in New York City (non-real estate) looking to purchase single or small multi-family homes in Utah or Maryland (family and contacts in both areas) for long-term rentals.

Check out socketsite.comLuxury condos aren't doing hot in SF and there's some examples on that site that are interesting.I think the key here is that it's specific condos some of which were likely overpaid and now we're seeing true value but it's more of unique situation then city wide trend. 

. #5  Get to know the neighborhood police officers, city officials, and social service organizations in your area.