Its natural that an owner does not want his property to be worth 1/2 of what they think. 

However they replied that this is a common issue in the whole apartment therefore nothing could be done about it at that present time and just told me to be more cautious (So here they pretty much accepts the inevitable nature of the issue I believe?).

Here is a picture of the backyard where nature basically took over. 

It's in human nature to not care as much for something that they pay little on as opposed to an expensive rental space.

If want to incorporate/LLC how would this affect my ability to get financing?

Have to be sure to ask what their terms will be -- ie 5 year fixed, then adjustable - 20 year amortization period, 5 year fixed, then balloon payment or refi would be required etc.A person I met yesterday advised me of a bank I plan on talking to myself - Stockman bank or Stockyard bank -- something of that nature in Arkansas City -- may be worth a call -- he had received favorable terms on investment property and found they were easy to deal with and they kept his loans in house.One strategy I plan on using as I look to take on more acquisitions is what was discussed in this Bigger Pockets PODCAST -- Will re-listen to it again, however Jared described having a business plan, and putting together a packet for the lender...I believe his experience would prove to be right that most people dont do this and the bank will take you more seriously if you provide them with this info.

Develop relationships naturally!

In addition, have natural convection keep your attic temps lower.

They might change the nature of the school but I highly doubt you will see it vanish (or close it's doors) overnight.

Add some natural wood touches for warmth(basket, simple crate, candle sticks) and some bright green apples in bowl in the kitchen.