For purposes of discussion here, assume the HOA is well run, the annual operating budget is sound and the account balances for reserves are within the guidelines set forth in the most recent reserve study.  

You could complete a 1031 exchange and buy two replacement properties - one of which might make a great primary residence later.  

That sounds like fun and can't hurt my education on this.

Those both sound like great income properties and knowing the construction side will save you thousands over your lifetime!

I am an Invester and a Real Estate Broker 30+Years in The Puget Sound area If you are a serious Invester and can think outside the box,Message me.

I know I can get 3 people @ 300-350 a month not including electric (I've already inquired a few good friends of mine and they've all agreed to move off campus to save some money) With that being said, I'm thinking this will cashflow about $180 per month, which sounds great to me.

Sound familiar?

@Ryan Van FleetI am not familiar in your area, but that $750 do sound high.

I have some stock market experience and have been able to do quite well, however the volatility is frustrating and it sounds like the possibility of higher returns is greater with real estate.

Sounds like you've been busy.