I'd like to get it to market rates as quickly as possible without spooking the current tenants. 

This is somewhat complicated for a first deal/entry into real estate investing, so I'm also somewhat spooked by that as well, so any advice anyone can share would be appreciated.

If you have been following Powell's Fed meetings, you would know that he is trying to deny the current Inflation in everything in order to not spook the Public and have to raise the Interest rate.

I'll repair for as long as is reasonable and then replace when it's time.Most my clients are OOS and spook easily though so I always tell them architectural since the cost difference is nominal and they get peace of mind out of it, haha.

Finally, the seller might just be tired of being a landlord, looking to get out from under the property and whatever debt they owe on it or maybe they're spooked by the eviction moratorium and their tenants have stopped paying rent.

.; there are plenty of jobs and relatively few workers, which is helping to drive wages up), and we also currently have the highest inflation in over 40 years (caused by a perfect storm of a supply chain hampered by COVID and the Ukraine War, years of extremely cheap debt, significant amounts of cash entering the market, and pent up demand--among other factors).The most often-cited solution to stop a wage/price spiral is to increase interest rates, which should cool off demand.

In some instances, possibly more, as people continue to be spooked of recessions and long term impacts on the stock market.  

They care so much about Ukraine and whatnot but they can't take care of their own biggest taxpayer in their own backyard LOL.

remember there's war in ukraine

We're always 1 war in Ukraine or bank failure away from things changing.With that said, many lenders I've spoken to seem to think that over the next few years, they will go down gradually (assuming the war on inflation is working).