Lenders typically require at least 15-20% down for multifamily properties, depending on the specifics of the deal.

I'm seeing rates start around 6.75% with your specific scenario. 

My weekly podcasts will also help you get a better feel of our market and then might help you learn our market quicker and with more data. 

I'm not too familiar with the markets yet but research I've done suggests that the towns of New Britain, New Haven and Hartford all have a good mix of inventory and low prices coupled with plenty of amenities, night life, cafes, etc and local colleges to bring younger people to the area year after year.

Quote from @Dyllon Gibbs: Hi All,Does anyone have experience with rent guarantee insurance and any specific companies?

In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one. 

I'm curious of the current market demand for student housing and appeal to rental investors.

I am looking to focus my investing on the commercial space specifically value add apartment complexes.

All of real estate is state specific - while nationwide laws exist the judicial courts often rule differently in different jurisdictions3. when new or inexperienced you don't know what you don't know - advice on BP or from Google searches are only a general guide - you'd be surprised at how often the advice does not apply to your specific situation4. there are often two, three, or four or more ways to accomplish the desired result.  

@Justin Smith wouldn't do it.Why is he willing to sell you this SPECIFIC rental and not another?