@Patrick Parry As you are no doubt aware, Watts is a unique area, but there are always buyers for houses at the right price. 

Definitely unique!

Each market is unique and there are many variables impacting them that you must understand, so of which you've sited above.

High coast rental markets make this a unique aspect for sure...god bless Texas.

Is the building unique to the tenants use that is difficult to be duplicated by competing properties?

Occasionally, some properties in the bigger cities are on leased lend, which I would avoid, but for the most part, freehold with unrestricted purchasing access (i.e. buy as many as you can afford). from my understanding the market a very unique opportunity for us foreigners because the rising demand for the smaller single occupant rooms.  

But I had built rapport with the seller, a very unique old man,  and he was willing to let me keep trying to sell the property for him. 

, the product does have a strong market, but this is still a unique placement, plus other issues:While looking for NPNs in foreclosure, I came across a seaside property with its own private beach that was a former B&B.

I just wanted something I could afford and somewhere I felt safe.Every neighborhood is unique, it's not enough to go by the age of the house or the rent rate.

We have an extremely unique market.