I guess you would have no complaint if you still meet your target profit margins.Sometimes you take control out of necessity.

If there is no access, it sounds perhaps like an "easement by necessity" might be neededPerhaps @Tom Gimer may have some input.

Out of courtesy and necessity to our investor clients we keep a handy investor focused lender cheat sheet categorized by mortgage specialities.

The initial investment then has a lower floor, and my likelihood of competing against the STR folks is not really a necessity. 

this is the exact reasons I only stay in Hotels and will only do STR as an absolute necessity..

There is another rental in town that is renting a set $600 per room, furnished with necessities (beds, dressers, sofas, and appliances...) utilities included and laundries.

@Dan LieffortUpgrading to an HVAC/ Central Air isn't a necessity, but renters want them.Window units are extremely inefficient and cost a ton to run the majority of the time.In my multis I get more money per unit 100% of the time.As far as cost goes I would just get a couple of GC's/ AC guys and go with who you trust to do the work, has competitive pricing, etc. and keep your tenets happy.I can refer you to people if you need.

I came across BiggerPockets, by researching the necessities of flipping houses.

So if your higher salary from living in a high cost area offsets the higher housing price, then the necessities of life are only incrementally more expensive...this allows you to have more money to save and invest, or pay down college debt quicker etc.

Sometimes intentional, sometimes by necessity when it comes to structural.