I agree with @Richard Neuharth about focusing your time on finding quality sponsors ... yes I'm biased :)

If he is just managing subs and very little hands on work, then it depends how much he can do and the quality of his work.

Your job is to determine what price makes sense to you, and make a fair offer based on that price and terms.Do your own initial analysis, and then have a quality multifamily mortgage broker offer their opinion on what financing terms they can offer to you, and then make your offer based on that valuation.If this is a value add project you need to determine what the units will rent in the market you are in once they are upgraded. 

Is it due to the quality of the neighborhoods/crime rate? 

These cities tend to command quality tenants, and they have great schools.You are more than welcome to reach out if you have any questions.Good Luck and make it happen!

I need some quality attorneys or title company to do a quiet title in the Birmingham Al area.

These cities tend to command quality tenants, and they have great schools.

I shopped for quotes from about 5 vendors and they gave me the best quote (thousands less than all the others) and even though installation did not happen for 2.5 months due to material shortage etc that was going on at that time, I am really happy with the work done and the quality of the windows.

And that may sound like a lot but the conversion rates are in the single digits, so you must have a massive net reaching tons of people, repetitively, and have a great lead flow system, that's how you lease a property to a decent tenant quality, at a good price, in short time.

These cities tend to command quality tenants, and they have great schools.