@Tim Bergstrom sounds like you are well on the right track.

Lemos:  Interesting.. does not sound like a secured interest in the note.. kind of like how Peer st. had their partial interest done.

or are you still exploring what it looks like to be an agent? 

I don't think making this a nice remodel is going to help since you're likely not attracting the caliber tenants that's willing to pay more for something nicer... that tenant is looking to live in this area.Now, if you went the Section 8 route you might be able to push to the $1,300 - $1,400/mo range.

Look at one or two of the units, do they look like crap or do they look like the neighborhood??

Another option would be a co-living arrangement utilizing a company like PadSplit.

I'm sure this was definitely a thing that was achievable in the COVID years...So the 2% rule seems like it would get you a lot closer to your mark than 1% in today's interest rate climate.1% really does seem like a unicorn.Now - here's the nitty gritty.

.🔹 Step 2: Get Your PermitsNobody likes dealing with permits, but skipping them can mean big fines and major delays.

What is the process like for that, and how long does it usually take? 

Check out meetups or investor groups in your area, like AZREIA in Phoenix.