I have 2 people that I sometimes partner with on real estate deals.I use a CPA because I have a number of rentals and a few LLCs.

This would be an opportunity to discuss deferred payments and a 5 year balloon. 

@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

I continue to look in the Brevard area of Florida - As far as north as Titusville/Cocoa and as far south as Sebastien. 

The sq footage of the unit is listed as 1351 and a previous appraisal was based on this.  

I have three properties in AR now, and as of about four months ago, two of them were vacant despite having two-year contracts on the properties.

“Broker” is a legal term that often requires standardized coursework and a state license. 

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

It requires hard work, strategy, and a willingness to take on projects others might overlook.

If there are lease violations, mention them-you not having a key to access the unit WITH proper notice or in case of emergency is one of them.I'd also tell the tenant that they are clearly not happy there, so finding a new place is in their best interest as well and as they have several months, they should have lots of options.