Stay involved in the renovation process with regular site visits and open communication with contractors to keep close tabs on the project.

Depending on how far these tenants are lagging market rates for their similar size and condition of unit, you can be a touch more aggressive, but likely want to keep your rates $50+ below competition, so even if they are pissed they will start shopping around and realize they will still have to pay more and incur moving costs, if they choose to leave.

Unless companies set up new operations in the city creating replacement jobs, all that will remain are lower-paying service sector jobs.

If a seller has a very low interest rate and the buyer can pay more than what it is worth and have no realtor commission, so more goes to the sellers pocket.Subject to has been around for decades. 

Would renters be willing to pay $2,600 a month, or would they be more inclined to purchase a home instead?

the period of time it was investment you will pay tax on. 

Welcome to the site @Deidre Yiu!

You have a lot of properties around the colleges as well that can be rented to students or since its next to a couple of Hospitals the Nurses, Doctors, and other medical staff pay good rents.

A lot of online "applications" through popular sites like Zillow or others will either redact this or will delete the application.... not idea.

My main questions would be: how long does the entire process take from applying to actually having possible tenants to start picking from, and how do they determine exact amount for rent (the amounts listed on the housing authority site seem way higher than market rent, I’m wondering if I will actually get those numbers or not)any other general tips or advice is also appreciated!