There is no shortage of content available to you; which is a great thing, especially starting out, as you can really dive into all the wonderful ways to be successful in real estate.

With The Ohio State University and as the state capitol there is no shortage of tenants.

(There sure isnt any shortages of buildable land out there!) 

My point was that it is only possible because we are at a very unique time where a syndicator can put in some granite countertops, new appliances and vinyl plank and raise the rents $100/month then turn around and also charge the tenants another $50 for utilities and maybe $20 for trash valet service and they still maintain high occupancy.The reason is because there is just a big shortage of affordable apartments right now and it's not possible to build new supply at the current rents.

@David Hodge,Two major holes in Dent's logic:First, we are in a housing shortage right now.

In and around the urban core has the highest demand but overall there is a shortage everywhere so no difficulty renting unless you are over priced.

The availability of capable and licensed contractors and laborers is already tight, and we're looking at a trade specialty with an average age of 50+. 8-10 years from now, most electricians will be retiring and we'll be seeing an unprecedented shortage.

You will find no shortage of people to 'advise' you on how to use your money or how they have the next 'can not miss' opportunity ;).

Juan Escarcega I know last year the city passed something to supposedly make it easier to legalize illegal units due to the housing shortage but not sure if it would apply to your unit and you may have already heard about it , here is an article from last year http://www.latimes.com/local/lanow/la-me-ln-illegal-apartments-20170510-story.htmlAre you able to rent the vacant unit on Airbnb in the meantime to bring in some rental income ?

I think it is safe to say everyplace in the country has a shortage of decent low income housing in the private sector.