Keep in mind it is a risk and speculation, if something happens(market tanks, job loss, etc) then you will be out money.

Apparently, not only did they sell at a loss, I didn't get any money back at all and they claim I owe them an additional $40,000 for "renovations" despite no work being done to the building at all. 

Trying to wrap my head around this being feasible while working so much at my w2. 

Those are probably the biggest questions someone needs to know to determine the feasibility of your ask.  

But you are required to file a Schedule E in the US every year showing the total rents you received, the expenses you had against those  rents and your subsequent profit or loss. 

Legal consequences and potential financial loss that could have been avoided with timely updates.2.

If you do have gains, you may be able to offset other properties losses to reduce the tax burden.

The owners of 100+ unit complexes are not individuals who will be swayed to sell by a good offer or the need to cut short term losses.

If a unit does not having a living room (or the 2nd bedroom is used as a living room) and the unit does not have a shower, not only is the rent you advertised not feasible but why not point these major issues out on our walkthrough? 

Have you ever had a capital loss?