If you do not like the tenant or the lease for whatever reason, ask the seller to deliver the property ‘vacant’ and get your own tenant; use your own lease that you get here on BP, or join your local LL association and get it from them.

If you are self-employed with no full time employees your business can sponsor a Solo 401(k), which has higher contributions tools and a few other 401(k) associated plan level advantages in addition to being a very flexible investing tool. 

Had it under property management the entire time (with Block Associates), only 1 super bad delinquent on rent tenant, otherwise was fairly well occupied over the years.  

I have my Associate's in Business but I'm working towards to completing my Bachelor's in Economics. 

The *** above is ‘Association’ no idea why replaced?

I'm getting ready to do my first fix and flip and am currently seeking funding from Private lenders. I'm familiar with corporations and LLCs that pool the funds of several lenders and loan them out for a certain perce...

So your final decision might be the answer you make on those 2 properties and any decision might be decided on the debt question of good debt versus bad debt.If you have any benefits by purchasing  an apartment complex as a controlled ownership and by benefiting from a Tenants in Common joint venture association that will contribute to an apartment complex purchase and allow your keeping control of that property on a daily basis regardless of your ownership percentage.  

I dynamically linked them together, so all information associated with the specific property is tagged together. 

That is another reason you need to join their association and put CCIM, MBA after your name.

Also, I'm at a disadvantage not knowing the area, the costs associated with utilities and maintenance, upgrades, etc, and the good and bad areas of town.