Not sure how to "monetize" it though.

The equity does not monetize until you refinance or sell, which in a downturn may not result in much depending on the severity of the downturn.

Never let a deal go, see how you can monetize it as soon as possible.

As others have stated, that $1,000/mo net will be drained very quickly after factoring prop management, repairs, vacancy, tax’s, etc. maybe not repairs for the first year or two since it’d be a new building but they would be inevitable in the future.

Instead, why not do a M453 sale (monetized installment sale) and just unload your property (I'm assuming that's what you really want to do and defer paying taxes)? 

Its part of my wholesale process just since I'm waiting in between deals I need more money cuz well I want to travel and take a couple courses so I'm trying to monetize every part of my business or even take a part-time job that helps me also helps me build my skill set.  

- Are there other amenities you can monetize on the property?

If they are not planning to get back into real estate investing right away, the best option would be to consider a Monetized Installment Sale.

The best option would be to consider a Monetized Installment Sale.

Follow up with guidance emails on credit repair and debt management and add in affiliate links to monetize off the list.