Yes there is risk on the Reno costs.

Really depends on what market you're in with material and labor costs 

I know other student rental investors that do not require guarantors because of the additional administrative work and they say that the social pressure of not paying rent is enough insurance.Low Vacancy - LOCATION is everything with student rentals.

Then if you end up doing a self directed IRA instead of a Solo 401k from not having any self employment income, you are subject to UBIT rules, which can cost you thousands in fee annually just for the filing depending on the complexity - in addition to the tax owed. 

Having a person answer the phone costs the PM company substantially more than operating a support button with a delayed response.

Check to see if your old LLC is even still active on the state's roster.I know where I used to have mine (MA), it would be "administratively closed", i.e. dissolved, if you didn't file your annual reports and other paperwork timely. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

All in after closing/holding costs we were all in at about $1,270,000.

This projection opens up opportunities for investors to acquire high-quality properties at prices below replacement costs, yielding attractive long-term returns.One of the primary challenges facing multifamily investors is the impact of interest rates.

I don't think the article factors in the overall cost of living increase.