I suspect at 90% LTV it will be negative cash flow using the 50% rule.  

Some of them also want you to wait a bit, usually 6 months to a year, after you bought and fixed up the property before they let you refinance with a high LTV.

They are usually quick to give out that information if they think you might bring them some business.

When I do have maintenance it is usually to do a board needing to be replaced ($150) or a leak, ( new seal needed).  

We aren't developers, but small bay industrial like this is a product type where there has been good demand (even through COVID) and usually pretty limited supply in most markets because most development dollars generally chase bigger projects. 

Is it usually up to date or is it typically a few weeks behind?

3% interest rate and non-negative cash flow.Highly rentable area (bay area) and white collar rentals.

Houston had the highest annual appreciation at 2.6 percent YOY increase while Austin showed the lowest annual appreciation at negative 3 percent.

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

The huge negative is that you're not there in person to check on the properties frequently.