Bring in food trucks and outdoor movies. 

It was located in a desirable neighborhood and once renovated would be the perfect home fro people who desired access to outdoor activities while at the same time being with oin walking distance to a vibrant down town with great restaurants and brew pubs.

Lowest cost option is to do exactly what you said, you control the temperature.

I’d consider moving especially If you have job prospects in the new community, and I’d certainly recommend researching it well before considering moving there in terms of life style, outdoor activities, night life, schools if you have or may have children, travel accessibility (highways, airports) sports teams if this is important to you, etc.

Enjoyed them both very much,  and felt far safer as we could drive and then spend most of the vacation outdoors.  

How important is it to have an on-site management (it would be around 150 units facility, if that matters, with a few temperature controlled units) ?

Heat pumps work really well and are very efficient until the temperature gets below 25-20 degrees.  

Do you just write in the lease agreement tenant to keep AC unit at a certain temperature ?

Added outdoor patio and updated overgrown and old landscaping.Details: Purchased at $384k, appraised at $420k, estimated ARV $510k.

The downstairs apartment (mine) will be getting an outdoor room installed, so it's a little more involved than standard deck.