The illiquid nature of real estate investing means a slow sale at high cost.

I was advised that if I want to separate the management from the property, the managing entity should be an incorporated.

I chose Longmont because like you said Northern Colorado is a growing market but also because of all the nature around it.

In addition, the owner of the home must not own more than three single-family homes.3) They are unable to provide sufficient documentation, such as the emotional support animal letter, that verifies the ESA is necessary for their health and well-being.4) The tenant provides fraudulent documentation attesting to their need for an emotional support animal (usually a fake emotional support animal letter).5) The landlord can demonstrate that making accommodations for an ESA would impose undue financial burden or logistical burden. 6) The animal is destructive to the property or displays threatening behaviors that could put other tenants or yourself at risk.7) The size or nature of the animal makes it impossible to house safely or humanely.

In that case maybe the best thing to do is let them continue more or less as is until things take their natural course.     

And, consider the very nature of what any "investor" is in the business wants, a selling price that wrenches out every possible dime.

Create a thorough marketing plan that incorporates internet platforms, listing descriptions, and expert imagery to draw in visitors.

It's just part of human nature, especially with college kids. 

I recommend talking to your CPA, but it's my understanding that as long as it's not a cruise, education of this nature is a write off, regardless of the country :) Again, I highly recommend talking to your CPA to confirm how to go about this! 

That's just the nature of this business.