Hey BP,I'm diving deeper into market research and looking to build a reliable process for identifying market metrics, data, and trends.

One day, the manager called my wife very excited about an application they’d just reviewed.

Just to support a previous comment, please run your own numbers for your ROI, CoC, or whatever other metric you are aiming for.specially if they tell you they will guarantee any specific return (read the fine print, this wont happen if they have no money to pay you). 

Doing it that way also allows you to get a general idea of how much income is needed to at least be close to breaking even. obviously being close to the break even line is not where anyone wants to be but it is interesting and useful metric.

All a real estate attorney is going to do is review the purchase and sale contract and protect your interests.

I recommend looking into passive pockets and the syndication forums https://www.biggerpockets.com/forums/960 for reviews on syndications.

And Students who has taken massive action are the ones sharing their success and reviews.

A good builder will have some solid plans to choose from that your property management company can review and maybe tweak.   

Review their online financials/annual statements.

@Sham Haile you should look up the Tenants Union & RHAWA websites to review the notices and requirements for how notices need to be provided to tenants when a seller intends to sell a property.