Just like in any multi values are driven by cap rates.in retail home owner real estate does not matter.. if you don't have enough housing and you have great job growth or sustainable then you have apprection just based on building cost going higher.

I'm also hoping to eventually dip my toe into the water of a BRRRR type project, but am concerned that I won't be able to find the right people to do the rehab in a timely or price effective manner. 

It is being fully understood that except as specifically set forth herein, Grantor has made no warranties, express or implied pertaining to said property, the condition thereof including but not limited to, matters relating to environmental conditions or hazards on the property"Then later on its says " We are the sole owners of the premises and have good right and title to convey the same in manner aforesaid, and that they are free from every encumbrance, except as aforesaid and WE hereby Warrant and Defend the same against all lawful claims....."

These private investments are not regulated in a manner to protect the common person. 

For example, management not treating tenants in an ethical way (not repairing air conditioning when they were supposed to, or not repairing plumbing or other major issues in a timely manner.)I've also heard some stories of success too, so I say be very cautious.

That requires maximum work and then run your numbers assuming a 20% drop in rents or 20% drop in values and see if you can still sustain.

When she questioned why the landlord feels that she needs to pay for the test, they sited the lease agreement where it stated that the landlord verified that there was no mold at the time she moved in and that it is the responsibility of  tenant to "maintain the premises in a manner that prevents the occurrence of an infestation of mold in the premises.

I think your advice to continue to invest in a careful manner is the most prudent methodology going forward. 

If we like him and feel that it is a good fit, we were planning to ask him about his fees and if he ever acts as the registered agent for LLCs.We hadn't considered asking about the yearly requirements piece for legally sustaining the corporate veil...

However I would suggest if you have questions for a CPA or lawyer it might be well worth it to find a good CPA or attorney to ask  your questions; or you can always ask here (in a general manner).