@Miles Hobson Does this seem like a good approach?

What we found missing in the research was the personal, approachable, and available coach to immediately answer our questions or concerns based on their learned answers shared experiences.

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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Closing real estate deals in any economy requires flexibility, adaptability, and a variety of strategic approaches.

Further, the property manager is counting on the MLS and other agents to bring prospects, which seems like a bit of a passive approach.

It's great that you've been absorbing so much knowledge and are taking a strategic approach to getting started.

Could you recommend any resources or provide advice on the best way to approach this?

@Jim PfeiferI think those of us that have made the mistake see the importance of a good sponsor, but also taking into consideration our investor goals.Passive investors NEED to learn the business of investing in real estate, and have to approach it as if they would be managing the deal themselves actively.That means there needs to be work done on the front end, like underwriting, selecting a market, understanding buy right criteria, etc.You can't just focus on a good sponsor, and pray things work out.  

That's a handsome return for a pretty passive approach.  

I don't think it's a bad approach for passive investing—you could get it down to just an hour or so of work.