The only information I had to go on was with the last Lender informed me so maybe it was specific to the company they were with.

@Jerryian Francois if you are still looking for a 203k lender try checking with @Jose Valdovinos!

Also, what should a new investor be aware of when diving into this market?

Out of the four properties , there is one solid tenant, the other is struggling and the last two  properties are not renting.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I run a MTR out of my primary bedroom and would be happy to connect and chat about your plans and what my experiences have been. 

Thanks Ranjit, I'll check those neighborhoods.

I check the SEC, FINRA, ratings websites for inside information on the principals in the company.

The inspector wanted me to add 2 screws to anchor the condenser and he did check for leaks at the gas connection (the gas connection that was flagged was decades old and I questioned if was before a permit was required but city stated it was up to me to prove that it was there prior to permit requirement).

Local REIA groups and meetups (check Meetup.com or BiggerPockets) are excellent for connecting with both new and experienced investors.I’d be happy to grab coffee and chat about the market or share insights.