i bet the guy settles for a few grand.. or the 10% clause..  

I'd do a 1031 into a syndication which achieves the following1) Tax deferral via the 1031 - why pay taxes when you don't have to, let the unrealized taxable gain continue to work for you2) Passive - by investing in a syndicate you can move from being an active investor to a passive investor3) Returns - in my experience you should bet better returns by investing with a syndicateGood luck!

Right now I am just shooting blindly I bet.

I bet you have to put down 30%+ in order to satisfy the bank's DSCR.Frankly, the fact that you're asking these questions means, you're nowhere near ready to buy a property of this size.

Not so much that you are better off it's that TTax simply can't figure it out unless you split the property into 100% rental versus partial rental in order to properly account for the personal use time.

ROI is much higher and can out perform those betting on appreciation.

Option number 2 will be your best bet.

Your best bet in getting your money back is to talk with the highest possible manager in a thoughtful way with documented dates, emails, and phone call records.

And they tend to go away rapidly. people seemed clueless to the fact that perceived inefficiency in rent versus short-term rent can also go away leaving you stuck with all those units and no way to get out except bankruptcy I need a button that will Auto populate "May rank as the stupidest and worst decision you ever made"Lemmings to the sea.Pied PiperEasy Riches whatever happened to not believing everything you hear?

From my research it looks like flips are a good bet for this area.