They should be able to direct you much easier than any of us. 

This is a nice looking unit in what appears to be a well kept building.

If it's not in writing, it's unlikely to be true.Even if true, the seller didn't disclose it, so their ethics are questionable.

How many properties will you purchase in the next 1-3 years and generally what will they be worth?

Preference is cash-flow, but open to appreciation/equity plays as well. 

So you may be better off with less number of LLCs.

The West End really could be revitalized and get fresh investment if it were breathed upon.

Yes, it doesn't have to be one purchase. 

Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.

The more you pay upfront the lower the rate, but you have to make sure to do the math on what you payback period will be.