If you want to keep on the tenants' good side you could suggest they pay for a new dishwasher (since it's cheaper and less trouble than replacing the panel) and you pay for the installation (which shouldn't be very much). 

The problem is, big ticket expenses like roofs, furnaces, and driveways don't change much whether you're putting them in a $85,000 lot or a $200,000 house, so they eat more of your bottom line on a cheaper property.  

I also have noticed that most of the cheaper deals especially for multi family are in "sketchy" areas but that's probably the same everywhere.

Condo rental often face a lot of competitions from big corporate apartment complexes where things are done for cheaper and the amenities are way better.

It'd certainly be cheaper to paint them. 

Found this seller;"My son has been so sick .. he has a kidney problem and i need help financially ... i am thinking of selling the property out asap on a cheaper price and i have been in contact with few investor..

Basically needed to be in DC for a summer internship and was making decent money but figured I could pay for a trip to Europe by renting cheaper than what a lot of my friends were doing.

We're at a level today, with globalization as it is, that SF is considered one of the luxury real estate capitals of the world, but it is so much cheaper, still than so many other of the luxury cities in the international marketplace.  

I am thinking of going out of state again because its a lot cheaper and more potential. 

Seems too good to be true to assume the cheaper ones are under market.