Andrew,  I've been using Rentredi for a couple of years. 

When we take over a property, and the rents are $400 less than what market is, as in your case, there' usually no way that resident can pay.

I would couple that will listening to Multifamily Podcasts (I especially enjoy Accelerated Investor with Josh Cantwell and Multifamily Insignths with John Casmon)  and you'll have a great foundation!

A couple of questions:1. 

There are three ways you usually remediate charring.  1) Replace 2) Dry ice blast or 3) Seal (but not with paint)

I'd recommend much more boring assets that are solid long term plays than getting fancy and risky. 

Development is a complex and often strenuous process. Most people outside the profession don’t understand the time and capital it takes to make a project come to fruition.Before a single piece of equipment touches the...

Usually, a license does not pass to the new owner even if you sell the entity etc. with the property.

I do not anticipate the purchase price to be higher than 80,000 USD.

It's does seem much harder than it used to be.