Most people have a mortgage on their home when they sell it.

If this is a bad deal because of $1,500/yr in interest run away and have your family sell the property. 

So practically it's likely easier to sell each one individually.

Ask anyone who ever tried to sell a cash flowing biz, it's not that easy (compared to selling a house)The best play IMO is to run a business and feed the profits into real estate.There are a million ideas, but you can start here: https://www.biggerpockets.com/biggerpockets-business-podcast Thanks for the suggestion Marcus. 

Owner was desperate to sell. 

If you can hold on till first part of January the showings and everything else should pickup.This would be my action items: 1. hire a new agent that can sell the place, and get you numbers are rent and selling and sell the place. 2. be honest on the numbers you can get on an ARV so that you can sell it 3. start to get the conversation started with a couple lenders on what these numbers on refi would look like for you and this property 4. my suggestion would be to refi/rent before selling at a loss because if numbers work you can hold for a couple years then sell, but this is dependent on your cash position and liquidity of your situation. 

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

Having a new building to rent out or sell the units will be the nice part after the construction is done.  

Stuff that is good to look into, it does cost a good amount to pay each month, but there are people who want to sell today and need a quick offer.  

Pick 10 people that are in foreclosure, and ask them if they want to sell their house or keep it.Correct. 10 out of 10 will say: "keep it".Now pick 10 tax liens people from your amazing tax liens list.Same equation, Do you want to sell or keep?