@Connor McGinnisConsider evaluating the pro forma rents from two perspectives -determine the maximum amount you can increase the rents without making any renovations and then figure out how much more you can raise them with renovations.

I am not sure how much this course was or when you purchased it, but I would evaluate your fact pattern in light of the above and self-assess or discuss with a tax professional as needed.        

But no commentary or a way to rank or evaluate. 

But you will have to evaluate them from a landlord perspective going forward.  

To start, research local markets, evaluate properties, and understand financing options.Good luck!

However, I'm not quite sure how to evaluate a home as an investment since the up front costs are so much higher and the mortgage terms are so different. 

Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.You need to build a strong and trustworthy team on the ground.People nowadays quit the second something gets hard.

Leveraging Robbie's local market expertise, we quickly evaluated the property's potential.

I have evaluated it to be able to cash flow as a STR with the lender special rate, even with a conservative 48% occupancy. 

Leveraging Seth's local market expertise, we quickly evaluated the property's potential.