I understand that you're trying to control this property, however I don't know if you desire to buy equity at a discount or cash-flow at a discount?

We are one of a very few rentals in the area...it's in a desirable area with primarily owner occupied single family homes nearby.  

I could be there every day if I desired to.

Here those units within 5-10 minutes walking distance of campus are best purposed for student housing - both because they are most desirable to the students and less desirable to other populations.Within this radius:A multi-unit building comprised primarily of 2 bedroom units with a few 1-bedroom and/or 3-bedroom apartments works well;A house with 4-5 rooms is appealing to groups of chums (mates) looking to live together, though social cohesion is more difficult to maintain and annual turnover is common;A house with several furnished rooms (and a live-in Den Mother) is appealing to International Students.We have been fortunate to experience very little in the way of "student damages" to properties, but we screen very thoroughly and almost always require a guarantor (typically parents or grandparents) to backstop any damage or fiscal failure of little Janey or Johnny.  

I know you mentioned a house hack wouldn't be desirable because of your family, but could you get by house hacking a multi-family property? 

Your desired returns should help drive your offer price.

Oh and she did say it is a desirable area so it could be a potential rental. 

note though thatours were al multis an not always in the most desirable areas in town. 

Desirable area off Harts Mill Rd near Marist School off Ashford Dunwoody exit inside the perimeter.

It’s in a highly desirable area for families (good schools) but also close to businesses, transport, a major university, and walking distance to high end shops, restaurants, etc.