This strategy works great because there is a huge need for affordable housing here in Denver and paying 750 for a bedroom is a good deal for people that want to live here but can't afford a one bedroom apartment.

People are happy to answer, even if you are new.

Evaluate the people behind the investment, analyze operational processes, and understand market dynamics.

I discovered inconsistent answers. 

Also, I have been extremely dissapointed with how high prices are to have people work on stuff, and then the cheaper guys seem to have horrible work quality. 

Hypothetical 1031 Exchange question here for one entity with multiple members: If you have an LLC with three people in it holding a rental and all partners decide / agree / vote to sell...

I personally don't think that will last if rates drop and people jump back in, so I'd say reinvest while prices are "low" right now. 

The space is not very big and I am thinking that more people would be interested in renting it if the bed is there.

I have a meeting with a lawyer in the next few days but I thought it was prudent to also ask for help from people who have already done it.  

However, I would like to know a few things from people that are more experienced:1.