@Derek R Sacks3/1 is great in our area, and attract longer term tenants for sure.

The inventory for stuff in this market for MLS properties is definitely down, for things that would be attractive enough for us. 

Historic tax credits (state and federal) will be utilized to bring renovations to this building and retain/attract awesome tenants that appreciate the location, trails, bicycle facilities (onsite bicycle repair space).

In our experience, the commercial lending practices of the Big-5 (Schedule 1) banks have had no appetite for deals under $1M.While the point about commercial lending being based upon the business and not the individual, may be attractive for small properties (and essential for larger ones), commercial lending is more expensive (originating (legal, administrative) costs, lending rates (unless CHMC insured)), than residential.  

This was attractive since it's turn-key, comes completely furnished and I have a roomate moving with me along with the possibility of airbnb etc.

If cash flow is your goal, I don't find a 4.78% Cash on Cash very attractive especially for a deal that seems risky (disclaimer: I don't know this market and I don't particularly target "student housing."

The tenant is renting from me due to previous bankruptcy, so zero down may be attractive to the tenant and a bit helpful to me getting $300,000 versus $240,000.

Just the way I see it, Flip makes more sense in this case because Arcadia High School will attract wealthy single-family foreverGreat question I wish to hear some answer regards to the topic too!

Certain leases state that the landlord only covers pest control for the first 30-60 days etc and then its on the tenants, since by that time they are likely the reason why the pests are there....i.e they attract pests due to hygiene etc.HVAC...... that level is not a code issue, so you wont be able to force anything.

.,  you my find this post interesting:https://www.biggerpockets.com/forums/12/topics/616713-little-rock-ar-attractive-sub-markets?