It is an excellent time to invest in emerging C class near downtown, especially where you find super solidly constructed smaller homes dominating the landscape (1950s, 1960s).

You can start with "It's a whole new business" book written by Gene Trowbridge, a securities attorney.

If there isn't, it's usually because one single property manager is dominating the neighborhood.

@Dominic Manyrath See if you can save up enough for reserves.

You want a project manager, not an actual GC.Especially if you plan to dominate his time.

Based on your post, I've bolded the titles below that should be most applicable to assisting with estimating costs.For 5+ Multifamily/Commercial in General:Crushing It in Apartments and Commercial Real Estate by Brian Murray - Great Source of InfoThe How to Add Value Handbook for Commercial Real Estate by Brian HennessyThe Due Diligence Handbook for Commercial Real Estate by Brian HennessyFor Large Multifamily and Apartment Syndication the following are recommended :Wheelbarrow Profits by Jake and Gino - Simple, Easy to Read as a good intro.Best Ever Real Estate Syndication Book by Joe Fairless - Detailed, Lot of Information, RecommendedIt's a Whole New Business by Gene Trowbridge - Detailed, ThoroughAdditionally, the "Book on Estimating Rehab Costs" by J.

by Gene Trowbridge are good resources to understand the syndication process.

In the near term, 1031 buyers will dominate the landscape because they have the most reliable equity and have a gun to their head forcing them to buy within a certain time. 

I have been marketing to these potential sellers but I am struggling do identify safe exit strategies within this dominant vacation-rental area simply because I lack the experience as an investor within the area.

Definitely look at major employers in the area... if it's dominated by industries affected most by COVID, then it may take a little longer to bounce back.