And I was extremely upset when the city allowed a neighbor next door to one of my units to have a home bakery, so you also should think about the disruption to the neighborhood with clients coming and going before making any decision.

With the description of your proximity this will affect demand significantly.He also stated proximity to campus isn't a key decision factor for students anymore.  

Floor has a slight slope to it.3. laminate flooring was put in incorrectly 4. stress crack along with minor water damage on ceiling and walls5 new roof6. no appliances 7. the washer and dryer connections are in the kitchen8. has no central air (95%) of the houses in the area have it 9. need landscaping 10. gutters11. wall trim is in pieces12. some paint since im sticking to white ( very popular in the area)13. doors need replaced14. full remodel of the bathroomAlso the furnace and water heater are exposed in the bathroom (looks very weird) and it does have a garage or a basement but crawl space.

It is a personal decision.  

Although W-2 salaries are considered, it's not the only thing banks use to make decisions.

In regards to reserves, define a lender as for a term sheet and ask for all the details, then you can make a better decision, most lenders that resell their loans may have specific guidelines from their investors in regards to reserves etc.  

"bad" debt), and use it as the basis for all your financial decisions in your investment/debt management strategy, you should be able to position yourself to make the right decision most of the time.

A good contractor likes to work with a 'boss' who knows what they're doing and is close when last minute changes and decisions need to be made. 

Seems crazy but the economics of managing home rentals is so on / off depending on the area (SE forget home rental as a business, except for FL) that it's actually a wise business decision to almost give the older home away to get out of home repair and supposedly turn over.  

But only under certain conditions and only if you factor macro as well as micro into your decision making process.