If you can't do that, adding a band of accent siding that to help balance out the weird window placement.

I have the balance sheet to acquire financing, and I have access to a lot of capital.. so I partner with great operators on the residential side, where they bring the deal, handle project management, & act as boots-on-the-ground, while I bring the money & can offer mentorship/guidance. 

I care about the return they achieve and not their unit count.  

Depending on the size of the loan you can easily shave off 10-20 years from the balance while still cash flowing more with a new property.

When I gandered at a $400,000+ mortgage balance, I first assumed it was a subject-to deal.

Don't always look at what the bank account balance is, look at the books to see how much was allocated in the reserve.3-6 months reserves are usually for regular maintenance or not full-on big ticket items. 

You can of course give them additional money if needed to achieve the sub-to. 

Do property management companies usually have high portfolio minimum balances and upkeep expenses for properties?

There are calculators online but make sure you are familiar because I get a lot of people call me because their loan officer failed to run the numbers and they are getting ready to lose a deal or earnest money.If you want to go FHA you can always put more down but I would take a look at Fannie Mae as well for High Balance areas.  

2) What gross annual revenue to purchase price ratio is achievable there?