These areas are where the massive houses were built around the turn of the century which are conducive to splitting into anywhere from 2-6+ units. 

.), you have a credit score of 420 with a recent foreclosure, you demand the money in small unmarked bills in 48 hours, will complain over every fee, point and percent including spending hours on the phone arguing that the lender has to pay the appraiser and why should you provide any docs whatsoever, and by the way you can't speak now because you are busy running narcotics across the border at the moment on the run from the military, and the lender can just tell that you are the horror customer that will take up weeks of his time and grey the last remaining follicle on his head all for a massive $1.95 of personal commission.;) 

However, that doesn’t make good fiscal sense to me.

Are there repairs that investors see as walk-away-repairs (leaking roof/mold, foundation issues, massive amount of wallpaper)?

My point is that the attractions is by and large what has drawn the massive tourist industry to the area.

I recently came across an incredibly interesting White Paper by Robert Hahn arguing for massive reform and decentralization in the real estate sector.

I’ve gotten higher rents from the other units I’ve fixed up and turned over, but at this point it’s not worth the expense of kicking out the 3 crusty guys because they’re getting close to market rents anyways, and their units would be a massive under taking.

A lot of times people try multiple strategies but then only make a little progress in each area - I think it's better to make massive progress with one strategy.One more thing I will add is to make telling people what you do / what you buy a habit.

After touring the lot/building it would be a massive project. 

Upstairs shower plumbing busted and caused mold in the lower unit (massive hit to my cash)6.