Are you going to supply the down payment and how much equity are you willing to give them?

@Jeremy HartwigYou are missing a lot of important data, such as median income of the area, rent comps in the area, what current values are.You are buying on actuals, but in many markets that have low supply and have a lot of demand, it makes it difficult buy based on actuals.

In my professional opinion- supply currently exceeds demand throughout most of the city.

I love the place, I've been renting out the units and getting steady income just as they were designed to do.

We would handle the guest communication, coordinating cleaning, minor repairs, stocking supplies, calendar management, etc.

If the new administration focuses on boosting housing supply or implementing tax incentives for real estate, we might see positive opportunities.

This strategy, however, carries more risk and requires market knowledge to avoid unexpected costs or longer holding periods.If you want steady cash flow, go with the garage conversion.

Anybody can live in the large student housing complexes but there is a much more limited supply of rental houses near the University. 

Plus, the long-term lease on the multifamily units can provide steady income.

On the other hand, a turnkey property could be a good choice if you want a more hands-off experience with steady cash flow.