After speaking with several lenders and professional surveyors I have discovered that these properties often sell for much less because:1.

Basically what I discovered is that in order to purchase a home that I’d like to live in I’m looking at spending at least $215,000 for a 3 bed, 2 bath, 1,500ft home.

I'm discovering that once you purchase multiple homes, even if you have great cash flow, since you can only count 75% of your income and can borrow no more than 45% (DTI) then it makes it really difficult to stay in those parameters.  

Learn from this and be a better LL....   

I discovered BP just as I bought my first property.

I do understand there are exceptions to every scenario, but in those cases, they (tenants) could've gone to DSS and applied for help like they used to have to and DSS would've made the check out to the LL.

The risk is part of being a LL. 

Or hire a handyman for $500 to take care of it for you.1) You probably purchased the property "as is", and anything that happened or was 'discovered' post close is on your dime.

Hopefully that is not the case for you, but that's just what I have discovered after some digging. 

Most of our tenants are MTM which is the custom around here and as a LL it is my preference.