I often ask if paying $100-125K+, for a turn-key unit, is a more financially effective play compared to buying a rehab/remodel project at discount.

If you think they're not aware of the comps (and why would they be since they probably haven't been looking with rent that low), you could provide them with some comps to show them what comparable properties are renting for and what a bargain they're still getting at $1950/mo. 

Easiest way I would look at Zillow and see what is comparable to your properties that has sold recently. 

found out what comparable rents are for like units in the area and price accordingly.

If this deal seems feasible, I will then follow up with other apartment complexes to compare and see why they are priced so high and what I can do to make the value better on the subject property.I do not have any experience in MF investing, I have bought individual condo units in different associations as rental properties, but that is the extent of my knowledge for Condominiums.

If this deal seems feasible, I will then follow up with other apartment complexes to compare and see why they are priced so high and what I can do to make the value better on the subject property.I do not have any experience in MF investing, I have bought individual condo units in different associations as rental properties, but that is the extent of my knowledge for Condominiums.

Do I wait to try to learn more aboIt multifamily deals and simply save for that, as it is less risky due to vacancy risk compared to SF?

Because I believe the CA property will appreciate in the long term no matter what happens next year and even the drops are small compared to the gains.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I think less time would be involved in acquiring a rental property or two, at least when compared to a flip or two.