At this stage of your life/career, your best bet is to maximize your savings into liquid assets (ETFs should be you go to option - Vanguard, Fidelity or Blackrock).

If they have money sitting in the bank it won't be earning anywhere near close to that, and betting on you as opposed to throwing that money in the stock market would likely prove to be less risky.

Hi @Thiago Gomes  My sister and I bought in Colorado primarily due to location of my property management resources and rehab team, which are on the ground and operating in Colorado. 

I made a bet and predicted SFR median at 294k, and 17.6% year over year.

Not knowing any about these places  i will mostly  like pick population size to  narrow down my search to pockets before starting to contact  realtors and wholesalers in operating in those pockets.

Other more established business operators with proven systems likely have the infrastructure to get to the scarce amount of distressed inventory before your average 1st time investor ever would.

For example, a property built in the 1970s or 1980s of 100 units in size is likely to have an expense ratio (operating expenses divided by total income) of 50% or more.  

Your best bet is going to be getting yourself out there and making cold calls.

I can definitely see some deferred maintenance on the building, but the business operation seemed smooth and profession on the surface. 

Most business owners are owner/operators that often do not keep great books so it is a crap shoot somewhat.