This has opened up a lot of doors for our investors for the highest and best use. 

If none of those scenarios apply and the building is in fact grossing ~$10,750/m reach out because the building is not in a $115K door neighborhood in which case I would be interested and can find a way to involve you and make sure you're compensated :)

Quote from @Jordan Sachs: A dead tree from the property next door fell on the garage of one of my properties.

I got a very good price on the building (about $25k per door), but it was a ton of work as in addition to tenant issues, there was TONS of physical distress (foundation repairs, sewer line and water line repairs, electrical upgrades, new roof, and apartment renovations needed for all units). 

If they're not familiar then it's your chance to get your foot in the door by bringing 1031 education to them.It's been a few years since I checked but at one time NAR showed statistics that of all the transactions potentially qualifying for 1031 exchanges, only about 10% were actually handled that way. 

I am thinking of changing the interior doors to smart locks and renting each room out.

I have 9 doors in Memphis and Detroit and hope to add Cleveland in the near future.

Cap rate, per door price, gross rent multiplier.

Now, on top of the tourists, Mexico is literally invaded by hordes of remote workers, to the point that Mexicans are starting to complain about the ensuing rise in property prices!

It might be $25K today, but if tariffs kick in next year (or the year after), the cost can rise (whether it is actually because of tariffs or because contractors want to blame it).I would get at least 3 bids and go from there.