There's not a lot of physical resources in this part of the world so I'm glad I've found you guys to help!

As a result, I find myself with Bachelor degrees in Mathematics and Physics as well as a Master of Science in Engineering.

Then I'd present him with options, all of which involve his participation in some manner, whether physical or financial, and then hold him to it. 

Now back to the real, or at least more consistent world: drywall costs vary as to the unique nature of each job location, therefore comparing estimates without details is an exercise in futility. 

Exercise patience...

Rent indivual W/D to each unit-Parking Garage parkingCovered parkingprime spot parkingJust plain old charge for parking-Renovations Interior units upgrades Common area renovationExterior upgrades for curb appeal-Vending machinesIn common areas such as exercise room, pool house, laundry or leasing office-Trash pick up serviceIn high end buildings they have a service where you can set trash outside your door and for a fee maintenance will go around each night and collect it so the resident doesn't  have to carry it to the dumpster. 

Definitely a worth-while exercise.  

Although this is an expensive market, I wanted to start local, as I am a bit cautious going anywhere I would not be able to physically be there on a moment's notice.  

Traditional lending, using a note and mortgage or deed of trust (state dependent), to those you've met, and on properties you've physically walked through, will provide the greatest return for what we believe to be the least risk, so long as you educate yourself, Aniket.The easiest way to learn while doing is to find a trusted broker or hard money lender at a local real estate club.

I just had to do 70% with Freddie on a 210 unit complex in St Louis because it had 80% economic occupancy vs 94% physical occupancy (aka crappy current management) and this was the first property in the submarket for both my Fund and my property management company.