@Barbara BertaDoing a 30 min. consult with a Real Estate Attorney will probably be well worth the cost.  

It has been booming for the past couple of years with strong job growth and population increase.

great project and i'm really proud of it... but i didn't make enough money for it to be worth the time it took.

Increasing value of the property, Enhancing rental income, Giving it a competitive edge Over Other Properties in the neighborhood as well as Adding long term worth among other things are some of the advantages that these projects bring.

Ton of new build neighborhoods going in which have increased supply.  

Is having a mutt that pees all over the place worth a thousand dollars to you ?

Is it worth it or should I market towards the factory and commercial jobs near the property.

Students/young professionals seem to make up the bulk of the rent by the room occupiers (at least in Reno which is a relatively affordable market, although increasing significantly over time) 

We sat down and traced out a plan (i.e. paying down debt, increasing their FICO scores, saving for a down payment, type of home) and in both cases, they were ready to buy in less than a year's time. 

Decent property insurance and an umbrella if your net worth exceeds $500k.