The 3-5% FMV discount is normally super attractive but I'm worried that because of the incredibly high property values right now, we may be in for a correction in the next few years, wiping that discount out (at least in the short run).

That 45 days is very short and you may find that you have to buy something that might not have been your first choice.

This is the short hand way of how lenders underwrite MF so you should too.Figure out the average cap rate for the area and compare if you are over paying or found a good deal. 

Short of that, you can be nice and give him 30 days notice of termination of work agreement and 30 days notice to apply for his apartment, the same as similarly situated tenants.

I’d look into it before you try to use it as a short term rental.

If I am $200 short on each unit stats $4800 a year in lost revenue.

I'll definitely make the short trip out there here in a few weeks.

You have 100k and the objective of your move is to start in a location which can build passive income short term (within 5 years), not just long term wealth investments. 

Sounds like a short sale.

@Chai Jonn, depending on whether you're looking to learn about MFH or syndications as well, here's a short list of popular educators:1) Jake&Gino2) Rod Khleif3) Michael Blank4) David Lindhal5) Mark KennyFeel free to PM me if you'd like to discuss further.