I can just give you some data to guide your thought process.

Grant Cardone (fraud) Brad sumrok is like lifestyles, I like Joe Fairless his website syndicationschool.com is free and well done enough then you can guide yourself and go network without paying 30-50k to join a BS program

Partnering with an experienced local agent will be key—they can guide you through the market and help identify the best opportunities.

Consider bringing in an experienced property manager, contractor, or mentor to guide you through the process.

Guides here; https://selling-guide.fanniemae.com/sel/b3-3.1-08/rental-inc... 

Conventional (only Freddie Mac See Section 5102.4 of Freddie Selling guide).

We do it up the hill Reno and with a good agent they can give you all the options and guide you through the process.

Here's a detailed guide on how to screen applicants: Application Screening Guide 

Michael,   A good book to purchase is "Professional Real Estate Development: The ULI guide to Business.   

(that is, assuming you've hired an agent with experience, market knowledge, and the wisdom to be able to guide you to what you're looking for).