I don't think it's expected nor do I think it will get you extra business or higher rated reviews.

Without knowing the specifics of the neighborhood or property I would expect it to appreciate the same as other 1-4 units in the area over the next decade.

Let your tennant in the “disuputed” unit know what’s happening and discuss temporary solutions in case this drags on longer than expected.

I would not expect to replace your W2 income in the first year and would project it to take 2-5 years before you were able to replace it, unless you are sitting on around 3-5M right now.

Someone who is expecting privacy will be disappointed when they find out they're sleeping in a loft with no door.

Panicking sellers may temporarily drive prices lower, but stabilization is expected.

That is relative, of course, but to expect rock bottom rates and prime terms is not realistic. 

I was going to say I would include at least one exterior photo so the guest has all expectations set forth for them.

I advertise the houses that way, even if there's an appliance or two that the previous owner has left in them and I don't mention them so that the people coming aren't (or shouldn't be) expecting to find them. 

@Denise Lang some copy & paste thoughts:TYPES OF RENTAL INVESTMENTSRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?