I'd leave out the bar-hopper comment, you might attract excessive partiers who skip work and can't pay their rent.Also, it's good that you mention a background check, but you need to list how much that will cost them.

If the house needs any repair or updating (and I have rarely seen a house that didn't), you'll need to subtract that also to get to the price that is really attractive to the cash buyers.All that said, in this market, you likely could sell that house for 125k.

So the security of a long term tenant is not likely there which makes selling the cell tower lease attractive. 

More cost and you need to prepare soil/foundation on lower course but will be a much stronger and attractive wall.

You may attract fraternity or sorority members, which would be great for reducing vacancy but potentially terrible for the condition of your investment.I don't know your market, so maybe filling a 6 BR is relatively easy and straightforward.

It is a fun city and it isn't going anywhere, you just need to hope the city attracts the right type of tenants (economically speaking) or you'll quickly erode the rather thin 9% cash on cash return you're looking at.Again...

It's mostly a tourist attraction due to the historical significance.

What I can share through my experience is that interest rates in Taiwan are attractive and property tax is virtually non-existent compared to major U.S. markets.  

That will tell you whether or not you should lower the rent.Keep in mind that by lowering the rent, and attracting a larger tenant pool, you are automatically getting more "suspect" tenants.

I would treat it as a lesson learned, one that most investors go through early in their real estate career.Construction attracts many deadbeats, since the barrier of entry to many trades can be so low (ie painting).