I'm currently going to school, working full time, and have a business going.

People do business with people they like, and trust.

My husband and I started bran new business seeking to begin flipping SF properties in the Houston area.

We sold at a profit though and the new folks have it as an airbnb with all our stuff in it :)  If we had to pay a manager we would have been losing money.. and to self manage like i said I am just too busy to deal with these there is simply better money for me in other avenues..

To be honest 15 years into it 3 businesses later and we are still stubbing our toes and refining the way we operate.

Take the proceeds of the sale and use that money to start a side hustle or business that you can get behind.If you want some consistent cashflow and don't want the headache of repairs and maintenance hire a PM...just know you won't make as much and be okay with that.

Reason being, real estate, transactionally, is a pretty slow business. 

Granted, recently labor costs have gone up, but in Eastern Idaho, I have a guy I use for every paint job, including my personal home, because he charges me a lot less than every other painter because I bring him business.

I won't do any business with companies that have the initials NW.

My thoughts were to make the studios into extended stay for blue collar folk with a modern vibe w/some common area amenities (laundry, vending, & business center) .