Your returns could be increased if you are willing to rent it by the room to individual students. 

Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.

That helps some...but your variable expenses also go up too - property insurance & taxes - so a lot of your rent increases go to offset rising variable expenses.I started at the age of 47 in 2018 and we bought properties fast and furious - 12 the first year, 10 the next, and 9 in 2021 and currently have 38 properties. 

Their expertise can often pay for itself in the form of reduced taxes and increased savings.Takeaway: Look for professionals with experience in your specific market for tailored advice.By implementing these strategies, you’ll not only reduce your tax burden but also set yourself up for long-term success as a real estate investor!

Depreciation recapture applies at ordinary income rates capped at 25%, increasing your tax liability.

I'll focus on maintaining the property and optimizing rent increases to ensure consistent returns over the years.

Once the property is sold however we will be ok and our incomings are due to increase the following year.

If you offer a bonus based on profitability will deferred maintenance increase because they want a bonus?

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

I just can't accept such a constant ever increasing loss, even if I can afford it.