My suggestion would be to get an investor friendly agent who knows a few local markets and have them guide you in the right direction.

I'm guessing that posting this buried under 200 "Me too's" will be less effective than a new post, but here goes anyway:In the U.S., how many times do these logbooks get scrutinized? 

Appreciate your thoughts and suggestions!!

I would suggest buying without value add only if you were going to keep the property at least 10 years. https://www.neighborhoodscout.com/ca/san-diego/real-estateI think your plan to rent in San Diego is likely the correct choice especially as you get to know the area. 

@Kevin Sobilo thanks for your suggestion.

I suggest listening to the BP podcasts and reading through the blogs and books they offer.

I don't suggest a P.O.

Wanted to get some thoughts from more seasoned small multifamily investors on a few items or any other suggestions:- Any specific pros/cons of any particular states in SE (TN, AL, GA, NC, SC) to consider?

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

If you decide to use my DPA grant, I might suggest refinancing after you make 6 payments.