I've considered selling to investors, but I'm concerned they might want a substantial price cut, which is why I'm trying to sell it to residential buyers first.

Just a heads up.So you calculated out you need  $6 million worth of apartments to hit your goal.A commercial loan may require 20% to 30% down in cash, cash reserves, working capital, and closing costs.You will also need earnest money cash.The lender may also require certain repairs to be done Shortly after the loan is made.The lender may also require the Property to be stabilized as far as occupancy percentage is concerned, leaving little on the bone as far as sweat equity.Good Luck!

The issue is I've lived in cities my whole life and feed off social life, something I'm already concerned with having when I'm working remotely.I'm currently eyeing cities like Chicago and NYC, the latter of which I have not lived in and have been doing some digging on.

That's dangerously close to the 1% rule, and a lot closer you would get to it than if you purchased a new construction.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

However, I would be more concerned about creating more taxes.  

My question is do I need to be concerned and can I give the ex husband a courtesy call?

Concerningly so.

My main concern is how long it takes to process deals after placing an offer.

Among other concerns, many simply feel the fees of property management are too high.