Also not all deals on FB are bad deals - they just need to be vetted like every other deal.Note: This post is being made based on my opinion and I was not under duress or a threat of lawsuit.  

My feedback based on what I would do is hold the house. 

And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction. 

Based on that number of units I would expect much higher figures - did you buy these buildings all/mostly cash?

Don't put a high list price based on what you want, needs to be based on solds

For now, consult a CPA to determine the best structure based on your income and investment goals.This post does not create a CPA-Client relationship.

And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.

We’re an MHC syndicator based in San Diego with a 15-year track record of strong performance.

I'm also based in California.

Based on the info in your post, my recommendation would be to turn these assets into well oiled machines and max out their NOI.