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Three millennials buy abandoned high school, convert it into 31-unit housing
(www.goodgoodgood.co)
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Depending on where you live, $1400/month is REALLY cheap.
That's only a hundred bucks more than my studio that's in a bad neighborhood with drugged up neighbors that have not once, not twice, but three times hit the hood of my car with what looks like a metal bat or crowbar. I'll take an old school any day.
The good thing is I don't care about cosmetic damage and I have insurance, but it's the principle of the matter.
I'm paying that in Austin. It's great.