I like Manayunk a lot for rentals because its a place that attracts a lot of renters. 

Like vacancy or quality of tenants this area may attract?

You can certainly do outside of that depending on what time of customer you're wanting to attract.

It's also possible your marketing is attracting a lot of tire kickers though.

The only other justification to buy it would be if it had a really attractive cash flow, which again is not the case in your example.

My bank has launched a portfolio loan that would allow a qualified individual to buy a 2nd home loan with just 5% down, No MI and very attractive rates.

I have heard the biggest headache for those people is they attract a lot of parties.

Then this "food for thought"Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That OOS property Class rankings are usually vastly different than the local market they live in.7) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.9) Class B usually also okay, but needs more attention from owner and/or PMC10) Class C can be relatively successful with a great PMC (do NOT hire the cheapest!)

Your ad may be misleading people to thinking that the common areas aren't shared and you are attracting renter who want a 1bd/1ba living situation with no shared areas. 

If you list at market prices it should be easy to attract tenants.  5-10% total vacancy expense is appropriate in most Chicago markets (about 1 mo every 18-24 months). 2.TheCHA.org has a lot of good info related to Section 8 vouchers.