Just make sure you don't go cheap on the paint because the cheaper stuff tends to not cover as well.  

I know NYC and the surrounding suburbs tend to have higher price points than a lot of other places.

Well-managed units dedicated to making a great guest experience, rather than a picture of grandma and a hamper full of dirty socks, tend to do much better than average.

Yes, that is how I figure out repair/rehab costs for 1-3 family properties, but I tend to work backwards from what you said.

Lower end properties tend to be higher maintenance, higher expenses, and much higher turn over rate.

You also learn so much more from a failure than a successful transaction (because you tend to evaluate the errors during failures, whereas when successful, the success is only praised and no evaluation takes place).

One of my beliefs is that the investors that know the geographical market best tend to get the best deals.

On the structuring side, I once wrote a whitepaper about how folks tend to structure distributions and fees--I dont think its on my website anymore but if you email/message me, I can try to dig it up for you.

The numbers tend to be a little inflated

The best parks tend to be only lot rental parks.