I would include some reasonable dollar value for deferred maintenance as part of the purchase price calculation as it sounds like a new owner will probably have some work to do despite the tenants apparent desire to remain.What happens in the first couple of months that the tenants decide they don't like the new owner, have a change in employment status, or any number of other things that can cause them to move out.

Looking to network and connect Movers and Shakers who desire same....

I mean a level 10 cant sleep buring desire.

I have always been interested in house flipping, as it would create the perfect combo between my architecture education and my desire for financial growth.

Lakewood is a great place to be, and I hope it does remain desirable!  

There are areas where the median price home is more desireable than other areas and rent isn't a lot less.

Also, I'd guess some residents, especially women, would desire a deadbolt lock.

For insurance, yes, having umbrella liability would be desirable if your asset can support the additional OPEX (operating expense) without significantly impacting the financial returns you and/or your investors desire. 

But your desire to do a 1031 really doesn't impact the situation negatively. 

Given it would be 30-35 mins to downtown in off-peak hours, is it still desirable rental friendly area?