I just got engaged to my fiancé, who graduated college in May and has a considerable amount of debt.

I've been in similar types of situations here in Chicago and for me it's always better to reflect on my lessons learned and to move forward.  

id=61550685028829 Lessons learned?

I lost over 400k doing stuff like this in the beginning and have learned this lesson the hard way 

For example, I have a potential client that has decent unit with a solid location but the decor/furnishings remind of a frat boy out of college meets IKEA/Amazon.A unit like this will suffer from poor design and the reviews will show as well which I do not want affecting my reputation or Super Host status.Do I just decline taking them on if they are not willing to work on it?

This has helped with avoiding College Parties as they don't even search for 3 nights so that has helped greatly. 

I'd love to connect with anyone who has experience in acquiring small multi-family properties (2-4 units), particularly in college towns.

Lessons learned?

This is because the properties are cheap enough that landlords cash flow immediately, and they also get to enjoy the perks of having the college students around.

The central valley has potential (I went to college at CSU, Stanislaus).