Your cost of living sucks in NYC so that hurts as well.You say you want financial freedom, but what you really want is time freedom and the only way to get time freedom is through earning money to give you that.

How about the monthly recurring cost?  

I pull my own permits, hire my own subs and do a fair amount t myself.

The lack of communication between the different departments has cost me thousands of dollars.Good luck with wherever you end up and whichever company you choose!

You could aim to get the studious, low key, chill type of tenant as opposed to the rambunctious party animals typically found in a college setting thus avoiding the types of "confrontation" that are likely to come with the latter.

If it is a viable option, any idea of the rough costs involved?

What I mean is that properties with extremely high cash flow on paper will TEND to have more costly capex issues, more maintenance issues, and higher rates of turnover and delinquency.

Soon as they’re notified there’s money to be had, all the relatives who never gave a s—t are hiring attorneys to press their claims.  

You may very well have a lawsuit on your hands, which will be very costly and be difficult to enforce too.

Also, the prospects we did get, were pretty much a waste of time.Facebook wants agents to pay for marketing, so you have to advertise from a personal page.I agree that the quality of leads from Facebook is extremely low.