It's a desirability factor when you sell or rent the property. 

Talk to people and find your target areas you are interested in, then pursue a property there.I would and have given up return on investment to get a property in a desirable neighborhood. 

It's better to get an offer and then negotiate the terms then to start out telling what you won't do and scaring people off.The longer it stays on the market as well the less desirable the property will appear.

With the third space rented (ideal for a doctor/medical professional due to proximity to Holy Cross Hospital), this property has a potential for $8,800 - $9,000+ in monthly revenue.Situation - Because there are no recent comps nearby for a property in this unique category I have been unsuccessful in determining a solid ARV to allow me to work backwards.

Land is unique, no two parcels are alike. 

Because I could see saying I have this super specialized, highly desirable loan product, but I'm not going to be spending a ton of time on DD for deals that don't work without something for my time.

I have enjoyed the uniqueness of the mixed use property and is a lot of what makes this project thrilling.

If buying older properties im thinking one may be able to buy way more than properties build post 2000 but wondering how desirable older properties are and if not so desirable perhaps lower income people are attracted to these?

We assumed when we discussed with our PM our desire to be kept in the loop with tenancy and repairs, that he would notify us of pending vacancies.

I definitely think that for the average person who has no desire to be elbow deep in an unpredictable situation, an old home can be a big risk.