If the list is available, the investors may be able to use it to direct marketing materials to them. 

Contact a realtor or mortgage broker to find properties, negotiate conditions, and investigate financing alternatives.

$120 is that including material or its labor cost only?  

Learning how to estimate rehabs based on labor + materials is massive.

Alternatively, once the existing tenant is out, you can lease at market rate.The real challenge of "non-landlord friendly" areas in the form of: your ability to adjust their rent from one lease term to the next, rent control issues that would limit your ability to ever push rent increases over time, any mandates on required renewal options for existing tenants (typically come with rent control measures) and the ease and speed with which evictions are processed. 

This comes with the expectation that I'll handle most of the minor things the property needs, but I don't have to pay for materials or tools to fix things.

@Keaton VolsTo expand your real estate portfolio and achieve financial growth, consider refinancing your property, saving for a down payment, implementing house hacking, partnering, exploring markets, building a network, educating yourself, diversifying into alternative investments, maximizing tax benefits, and maintaining an emergency fund.

@Lily WangHouston's varied economy and rising population make mid-term rentals (MTRs) an attractive alternative for a variety of tenant groups.

However, there may be alternative tax strategies out there that are more applicable to your current situation or property.

TICs have fallen out of favor but as long as they are structured property and are run by a good operator (see point earlier) they can be a good alternative.