Another option here could be to buy down the interest rate a bit. 

There is nothing in it for them.You should be going to real estate investing meetups as much as possible and networking with other investors.

They should be able to direct you much easier than any of us. 

The West End really could be revitalized and get fresh investment if it were breathed upon.

Just keep learning (podcasts, books, meetups, etc.) and be sure to take action when the opportunity arises

The more you pay upfront the lower the rate, but you have to make sure to do the math on what you payback period will be.

Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.

Yes, it doesn't have to be one purchase. 

Is it a firm 6 months or is it likely to be extended.

Tenants can be hard on things.