But these properties will likely appreciate nicely.

that is always the first questions- if they have more time than money, then a rehab project... if they have more money than time... then I would recommend a turnkey property and get them 2 nice properties out of state. 

Go in during the middle of the week when it's not so busy, be nice and courteous and they'll help you out.

That's typically where you'll find a nice combination of the better school districts, sales prices, and rent prices.

Nice area of the city but the buyer will likely be inheriting rent controlled tenants.

We have a huge house we purchased at a nice discount.

Also many lenders will want to see you have some nice reserves like 15-25% of the purchase price on your first deal. 

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

An institutional investor with a history of working with syndications in these kinds of deals is going to have a much better handle on fair and realistic fees the syndicator should be collecting for those services versus a bunch of lps that may be working on the first syndication deal and frankly glosses right over those issues when they see 15% annual returns and a nice fat cash bonus on the planned exit.

Hello Alex,Nice to meet you, we are in a tuff market.