Educate both and assure the agent they will get their commission. 

The condition of the property, opinion of the property manager and brokers will be the best way for you to estimate rehab expenses per unit. 

One of my take-aways from Vijai's wonderful and educational walk-through a couple of weeks ago was to be wary of foundation issues. 

., I don't know if you're still working this problem, but thought I would mention that you still have 3 years to take the $500k tax free with minimal downside (in my opinion).

I have a business degree (supply chain management and marketing) and have been self-educating on real estate topics, but I'm about ready to get my hands dirty. 

Personal opinion, but I wouldn't touch much west of Calhoun St.

So I wanted to get some other opinions, on what all to consider. 

Someone else might have a different opinion, but I don't see holding this being the best option in the long or short term.

It might have areas that will continue to do well and others that will go down in its popularity so I would tend to look in areas close to home and that area in high demand, has a diverse economy, population rise, and job growth, and talking to experienced Agents and get their opinions if I was looking at it long term. 

Be educated for the rest of your life.