Every property of interest must be evaluated based on current and future performance.Current ConsiderationsTime to rentRenovation Cost & RiskInitial ROI and cash flowPurchase PriceMaintenance costAcceptable area rental restrictionsIn an area that is doing well and likely to do better in the future.In the migration path of urban sprawl.Future ConsiderationsThe location has a track record of appreciation and rent increases.It physically matches the expected demographic changes for the foreseeable future.Buy what your “customer” wants to rent, not what you think is a good property.

Keep evaluating deals even if not ready to purchase the next one and keep your skills sharp.

Although time consuming, I'm guessing that evaluating their condition periodically would help with the end of lease turnover cycle? 

The challenge you'll face is that, even though this is fundamentally real estate, you're moving from the SFH retail world to evaluating institutional assets within asset classes that are likely less familiar.The first thing you'll notice is that the sponsors (who are the Trustees of the trust and could also be thought of as the general partner of the deal) will issue a PPM (private placement memorandum) that is a 300-500 page document.

@Nick Burrell recommend you start looking for "deals" that you can sell to other investors.This will force you to learn how to find them AND evaluate them.You'll generate commissions you can accumulate to start flipping.

DealCheckDealCheck offers a free version that simplifies deal analysis, helping you evaluate potential investments quickly.

Visit multiple groups to evaluate their goals, values, and focus.

While I’m still evaluating whether it justifies the cost, I do believe it offers more value than Rankbreeze.

As an agent who works with a lot of investors, I have recently started to notice more and more that people will evaluate a property based on its current metrics, and write it off.

Need to keep in mind STR license / permit restrictions when evaluating.