If you care to offer the location of the property and the comps, I'd do my best to give you an objective opinion.

There is a specific ruling where the IRS did allow related parties to 1031 Exchange since the objective was not to  avoid taxes but to each end up with 100% of a respective property.  

In the end, you will learn how to find deals and work with banks or HMLs which fit your investment objectives.    

My objective is buy and hold with properties under 90K-100K (or less) with 15-20% CoC.Any advise would be appreciated. 

And our property management company said it is harder to manage because it is by-the-room leasing which requires specialized software and also requires higher deposits due to higher expected damaged and also most of the leases expire at the same time around June/July.Additionally I was told that the you need to provide more amenities and the ones you provide have to be of larger quantity.

While a metallic footprint consistent with a large metallic object present, the absence of a fill pipe or vent pipe necessitates the need to excavate the area with shovels.

If your objective is to accumulate wealth over the long term these types of accounts can be advantageous.

On the east coast, we buy in quantity for our apartments from surplus warehouse and get a discount from the normal $1.50 +/- regular pricing.

lawyers review and negotiate the contract, they review title reports and send out title objection notices, they review inspection reports and send out demand notices for anything that needs to be repaired within the time frame required under the contract,  they prepare transfer documents (tax forms, deed, affidavit of title, resolution if it's a company, FIRPTA, etc, which only an attorney can do in NY) or review them depending on which party they represent, prepare or review the settlement statement, and then attend and represent you at the closing or prepare the file to close in escrow.

As for quality over quantity... it all depends on your investment style and the kind of person you are (slumlording is not for everyone).I would recommend trying to find a good median that you can handle.