He occasionally parks back there with permission from other tenants (which is being complained about).

Obviously, every place that has houses in this range have occasional issues (of our 11 units, we have had one issue each year with a tenant having to be evicted or moving out without paying one month of rent), but one thing that is a huge positive for most of our houses is that they were in the New Castle historic district, so we were able to fix them up and receive a 20% historic tax credit on the cost of fixing up the properties we bought (we bought a considerable amount at their annual tax sale).

Expect higher vacancy rates and the occasional eviction which can wipe out a quarter of potential rental income.

Occasionally, I've seen windows below this threshold, and when we redo the windows, we adjust the framing to comply with the 24" requirement.

I rather not put them in but I also don't mind the extra income for the occasional phone call to the appliance technician.

Despite occasional comments to the contrary, there are still deals to be found with the banks. 

Occasionally, in just the right situation, it's ok in a basement.

However there are occasional properties that I find that are in the low 500 range.

We'd buy it as a STR--that we could occasionally visit--but mainly STR it.

Although most of these were on the MLS, they were the listings with no pictures besides the front door, and they were definitely not professionally staged lol.PS: You should never count on appreciation as an investor, but at the same time owning 3-5 half million dollar properties and adding 200K to your net worth in those occasional 10%+ appreciation years isn't a bad deal!