Row housing halves the cost to repair the wall water on a per unit basis and there are obvious additional values to having proximity to all units. 

There is no cost to you to do this.

Purchase price: $177,000 Cash invested: $50,000 - Single-family home in a Residential area near the University of Rochester- Purchased flipped home without inspection, many costly hidden issues revealed after closing - Currently rented for $2,200.

Even in less than expensive houses.I've had projects where the customer would spend $125k on cabinets alone.....Appliances that cost $100k or more.....you think they're going to build a wall so no one can see them?

Not cost money each month.

While waterfront properties often command higher prices, higher potential rental income, and higher appreciation rates through time, they also come with significantly higher upfront costs and huge maintenance expenses.

I am hoping the remodel doesn't cost me more than 25k.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

A vacant month, turnover costs, paying your PM to fill the unit. 

In order to make a decision on keep vs sell it comes down to holding costs, repair costs, total all in costs and projected ARV and rents.