The one triplex I viewed would have barely made the "1%" rule which was a non-starter for me. 

Bare walls with exposed studs.

Also, my developments are done to a much higher standard than average so that number could come down to about $40-$45K if I had "bare-boned" it. 

Everything that @Mike McCarthy, @Carmichael Lewis, @Aigo Pyles is absolutely right in that the bathroom does look fine and is at least not the vintage 60s and 70s pink tile that you can sometimes find in San Francisco.

Otherwise a lot of these buyers are going to be barely break even from month to month.

FAR more reasonable. 300,000 can barely get you a 1bd/1ba condo out here and you can get a 3bd 2ba for half that less than half that price in Texas.

If it is going to cause headaches and or barely break even before vacancy and turnover etc Id sell it.Also were you living in it for more than 2 years and planning on moving?

If we were still paying what we could barely afford 3 years ago on our student loans and paying housing expenses we would be dragging buckets of water but now we are building a system that is actually helping us pay our student loans off faster.

One of the pieces I use is a pink hand written envelope, addressed to the man.

dude there are plenty of houses out there with good equity...some people cant afford there mortgages anymore but they are still current on there payments barely.....subject 2- wholesale.....but short sales are right now if you know how to close them correctly.