Initially we were going to simply flip it, but then the market began trending in a direction that supported holding it for a year. 

Without the supporting data, no one can give you an honest answer.

I think that conservatively the area supports $550 (*8) for a one bedroom and $600 (*8) for a two bedroom.  

I'm fairly new to the industry, but am supported by a great team at the Denver Homes Group.As a new member I look forward to contributing to the community my thoughts and experiences but am really excited to learn from the pros on BiggerPockets.

We have a great team of support staff. 

IMO if your local market does not support the numbers you want, and you want to buy out of state, then turnkey is a good option.The reason being is scale.  

Now I am 18 years old and a freshman at Arizona State University.

Trying to get family interested in pooling resources has been difficult -- since we are primarily focusing on CASH purchase ONLY.We currently own two properties (both fully rented) and would like to purchase additional rental properties in/near major universities in New Orleans, LA. 

It is right near the university in what I would call a C or C+ location.

Hi all It's nice to meet you all, I am relatively new to real estate investment so I will look to my Seniors for support, thank you in advance.