You’ve at least have to understand the basics, which Wendy explains very well.   

Value-add properties can pencil out better if you have the capital/team but there is added risk there as well if you are not experienced in underwriting those sorts of projects.

Platforms out there let folks invest smaller amounts in real estate projects.

at first glance does this project look like its worth taking on or should I shoot for something more turn-key as a first time investor?

This is how you should do zEstimate.max(5 same bed configuration/neighbour).Basically you have to find the zEstimate for your neighbour.

We basically build our foundations on mud and clay here so movement is inevitable. 

This is still a very tricky area for lenders as there are not many "industry-standard" tried and true rules - many DSCR Lenders and buyers of these loans are still wary of the SRO model - that being said, it is a lot easier and more flexible to underwrite on an acquisition if you are buying and the property could be utilized as a LTR / MTR or STR as that allows for a more tailored projection (as long as the property doesn't have unique or altered characteristics that would require it to be a SRO / MTR)

Looking at a few projects and open to sharing GP if something comes together. 

If you're interested I can see where he's at with that project. 

They do a great job with basic questions but their knowledge, at times, can be limited.