I got my license for two reasons.  1) Just as @Jeremy Aldridge it gives insight on the entire process of the real estate transactions.  2) By law, having a license holds you to a higher standard in regards to disclosures you have to make which, if you are a shady business person, will hurt your profits.

I have given them the option to give up the unit within 7 days in good condition in exchange, I will void the lease and take no further legal action providing no major damage is found.   

Would like to exchange ideas... ty.  

@Greg DickersonThank you for the insight.

:(Are there any property appraisers or experienced real estate investors who are willing to share their insight on calculating the value of commercial property?

Thank you @Dawn Brenengen for you insight!

I want to use it as a rental property for the next 3-5 years and then do a 1031 exchange.

Any insight would be appreciated.

If you did start out single family and get some equity in a home or two over a couple years you could then do a 1031 exchange and hop into a multi family with less risk due to your equity going into the deal.

Should any of you have insight, please share!