It's just basic health and safety issues.

On the other hand, families or older tenants might prioritize comfort and be less willing to compromise.Property Upgrades: Consider whether you have room in your budget to install central AC down the line.

If you are liquid enough and you prioritize cash flow, option 2 may make sense.

Consider properties within walking distance or with easy access to public transportation.Safety: Neighborhood safety is a priority for both students and their parents.

Some financial institutions also make managing assets under two separate trusts difficult, which can add complexity.If you prioritize simplicity and ease of management, a single trust could be the way to go.

A drafter or app can get it together but you may need an Architect or Engineer if it's a life safety review/submission. 

We want to keep our portfolio loan to value ratio small as we also like the safety of it. 

Don't be swayed by convenience; prioritize lenders who will be real partners in your growth.

Prioritize your financial stability.

It is just a safety net, mainly.