Shared living spaces are often not considered the same thing as an apartment.

If you can identify ways to increase income and/or decrease expenses, this is where true value can be accomplished in this space.

If you have extra space where you're currently living, rent it out as storage.

There is also an entire attached garage, which was partially converted to living space at some point, but was un-permitted.

There is also an entire attached garage, which was partially converted to living space at some point, but was un-permitted.

I just joined a startup called Andes STR where we are on a quest to help investors make the best decisions (and money) in the short-term rental space. 

There are certainly some smart people in the REI space on there as @Jordan Moorhead points out. 

It's a great organization for professional members and vendors in the space.

Gerardo - Not sure how large your commercial property is, but I working on a deal with 15 residential and 7 commercial spaces.

Increased development costs have historically had the effect of raising rents, because developers will not create more housing or commercial space unless they get an adequate return from increased revenues to compensate for the increased cost.