I would recommend shopping around, especially with a local mortgage broker.

If you want to only do PM I'd recommend just looking on LinkedIn, or Indeed and applying for local apartment communities.  

So, comps can help with figuring out local cap rates, then you need the income from the property to determine a value.

My name is Montse, I’m originally from Spain, and I currently live in the Netherlands.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

You’ll likely need to look beyond the city limits (in areas that are still close enough to the city to benefit from its local economic tailwinds) if you want to find deals that pencil out.

@Craig DanielsI own a local top reviewed real estate brokerage and property management company in palm bay.

I'm local to the area you checked into on the post.

My name is Joshua.

I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.