Some prefer to rent.

At today’s rates, most properties at high LTV are negative even with 1% rent to value ratio   This implies the 1% rule is far from assuring positive cash flow   Good luck

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

If you have any other resources (preferably free) to analyze properties, it'd be greatly appreciated.

If you have plenty of money then it probably wouldn’t matter how much the property costs, but for a $1MM+ property I’d personally want at least a 6-7% annual return through cash flow (15% or better preferred) and a pretty good idea that it’s going to appreciate solidly.

Happy to make an intro to my preferred realtor in that market! 

I have not partnered with any of them bc I view partnerships as a last resort - just a personal preference.

They are month-to-month and pay below market rate.I would prefer to sell it in its current condition and estimate that a diy remodel would top out at $15k.

I'd prefer a more suburban area but I could honestly live anywhere, as long as its not too bad.

I have preferences but not set on any market in particular.