It has a great location, it was very close to University of Nebraska Lincoln East Campus, and has a massive, brand new multi million dollar frat house next door.

For myself personally, I live in a low income neighborhood, but because there are many students who live near me (we live in the city, so space to live in a good area is both limited and expensive) the rent is inflated massively. 

Massive student loans and an angelic meeting with a Real Estate Mentor

Loving it though and massively appreciate your input.

Naturally I'm looking for the highest possible ARV and rent but I'd be saving massive bucks if I can just stick to what's in there with the added ceiling fans providing air conditioning, and I fear that installing HVAC would not provide a sufficient amount of value-add vs. the cost savings of not having it installed.

@Corey LawDepending on the interest rate of the first I'd leave it alone unless there is massive equity. 

The past 5 years has brought massive change in this area, what will the next 5 years bring?????

They want to see 2yrs of property rents reported on my taxes to include the rental income in my debt to income ratio.Additionally, the bank is taking ~3+ months to complete a closing and I keep having to produce this massive packet of paperwork to get the underwriting done. 

Since the housing market is experiencing shortages and massive price hikes.

That is exactly what BP is doing now (at least from my vantage point) because their vision is massive... help 1 million people to financial freedom through real estate.