@Jaron Walling generally speaking I would agree, but in the Triangle, there's probably less chance that he'd be successful in finding an existing multi where it would make sense.

Lots of students want good, cheap housing and won’t shy away from holes in the wall or other cosmetic issues, and will rent by the bedroom.

Quote from @Jaron Walling: @Mary Ciccarelli If the property is a good DEAL it's worth the effort.

The inevitable WALL STREET GREED will be back and “in general” the Real Estate “market” will move much, much, higher.

Quote from @Jaron Walling: @Arron Paulino You need to come out of theory and into reality. 

in May I closed a permit that removed load bearing wall, added a bathroom, and removed a fireplace.  

It could be an easy fix like this or a bigger problem depending on the factors at play (are the joists accessible, will it mess anything else up if you just jack it up and reinforce, is there water damage or structural damage to the foundation causing the sag instead of just old joists, anything else going on like a supporting wall or posts under the floor, wiring or plumbing runs involved etc.).

Roughly $900 for all the cabinets (base cabinets only, no wall cabinets for this project).  

Some of the cons of our location is that it is attached/sharing 1 wall to the front house, the patio is 30 ft up an alley where they walk past our front yard to get to their patio, it is lit and our neighbors have their front door on the same access alley so not a threatening looking alley by any means.

(Wall Street doesn't even come close to offering that deal!)