Are the units vintage quality with in-place rents $500/mo below current market?  

You can too, without being a wholesaler or an agent.You can walk into a mall to a jewelry store and buy gold, which is simple, but you pay a huge markup.

It's not fully closed as in drywall, it's sort of a faux wall on our side, but the tenant could open the door on his side and come through if he wanted.

It varies a lot and depends on the vintage of the property and your tenant base. 

The loss of priceless art, jewelry, autos, memorabilia and watches could often match or exceed the property values.

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

Faux wood floors, new blinds.

.- Personal Articles: Coverage for belongings that have a special or collectors valuesuch as Jewelry, Furs, Fine Arts, Collectibles, etc...Your age should not be a factor on the pricing but, depending on the company these other factors may get you credits:- Insurance Score (company pulls certain info out of your credit report).

He launched a small OZF to revitalize a vintage office building in a transitioning neighborhood.

Other properties in that area of similar size and vintage in good condition have sold in the low $200s and rent in the $1600-$1800 range.