I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

I had not thought of that since I am not buying or selling anything.  

If you decide to sell I would sell it vacant.

Did you inherit this home with a step up in tax basis or will you need to pay taxes on any gains if you sell?

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

Are you thinking about managing versus a property manager or are you also thinking of selling as well?

I'd also ask if you've confirmed with the agent the seller will consider only selling you 4 of the 6 (unless you have someone else that will buy the other 2)?

you can do all of this on market and sell "as-is", minus the agents commission, sharing closing etc.

For every 1 property that has sold in last 3 months that is a match for my prop and sometimes on the same street, theres about 5 that sell for half the value.

You find distressed properties and sell the contracts to investors for a fee.Partnering: Partner with investors who have capital.