For example a price below where I think it will sell for, attracting more Buyers, but not too low where I'm doing unnecessary work filtering out Buyers who don't understand the market conditions.

In true syndications, a sponsor shares all financials and will do a capital call if market conditions dictate more capital is needed.

The demographics and map data don't take the students into account, but they're really what's driving the market.Low property values and ever-increasing student rents are a recipe for a market when you can pick up a duplex in decent condition for $150k, and rent it for $500/bed (that's an EGI of $36,000 annually for a 3/3 duplex).

I’ve noticed quite a few price drops in SFH in these areas in the past few weeks due to shifting market conditions.

Local market economic conditions. 

As for other ongoing expenses that will really vary by property age and condition.

This is because value-add properties, especially those built in the 1960s to 1980s, typically take a couple of years to stabilize, particularly in today’s market conditions.

Do you understand what conditions caused the issue?

Based on location and some rough math, he's definitely looking for market value (stabilized asset) vs the current condition.

., lender reputation, conditions in the letter, proof of equity) that you look for to validate the buyer’s financial readiness?