If you're offering amenities and similar quality/or better then you should be able to receive many candidates to choose from. 

So having your budget some flexibility to redo some things if needed.I hope this helps you because it's not very difficult on your end you just need to choose things presented to you and decide if you like them or not.

Choosing properties isn't much more than knowing which numbers to run and deciding what you want to accomplish.

(I think providing makeup removal cloths and black face towels will be what I choose, moving forward.)In our family, my husband is actually way better at sewing, etc. than I am.

Many times I have been in the home they choose 3-4 times for previous sales years ago, so can tell them all about updates, etc.I think many people are getting ready to have a rude awakening in the coming year or two and when people get burned with no representation or loose a lot of money.

@Adam Taylor like Jordan shared, I will always recommend working with a seasoned and high quality broker in whatever market you choose to invest.

I only choose to do a value add if I can project $2 value added for every dollar spent on the value add.  

It's the best way to test what you like and don't like in a low risk environment.Once you've done this, you'll probably have even more saved up and experience to make you more confident in choosing a direction.If you decide to just dive into one of these markets and strategies, I'd recommend focusing on your personality, goals (cash flow first or something else) and how much time you have.

I'd pay towards one only and I'd choose the one with the lower LTV. 

I would choose option 2 or 3 and hire a property management company so you don't have to worry about how far the property is.