(many contractors are going to bite off more than they can chew and communication will be key). 

While cash flow may be harder to achieve here, these markets often shine in their ability to withstand market downturns and provide solid appreciation over time.The key in markets like this is understanding your goals.

Initiating the ConversationThe key to approaching a non-profit is to be respectful, patient, and aligned with their mission.

I can't do that with my stocks or do anything myself to influence its value.

A good, solid PM will be key to your investing.

The key is to do what you are already doing - @Paloma Wodehouse - your research and find a good agent with 20+ years of experience and who really loves real estate.

I think the key in that case was that the property was the last one needed in a large development of a group of blighted small MF buildings that were to be torn down and redeveloped.

Is in there, but a great thing you can do now is get your "core 4" figured out - agent/lender/manager/contractor - obviously you can adjust this and do one of the pieces yourself (self-manage for example) or don't need a contractor if you do only turnkey etc but getting this nailed down early is key

The cash you have on hand in liquid reserves allows you to focus on properties that "Are Not" turn key and could use a little TLC or renovation. 

Your property manager will play a key role in this team, helping you maximize occupancy, maintain the property, and ensure tenant satisfaction.