Get on the phone and speak with a few of the providers that are active here on BP.

After speaking with the seller, who is an 72 year old real estate investor looking to move on to the next chapter of his life, he give me some information about the property: rent roll is $103,000 annually, occupancy is 100% and currently there is a wait list, there is no property management company (he manages the property himself), cap ex, insurance, and taxes are roughly $21,000. the 20 unit complex is split among three building where two building have roofs that are eight years old and one building's roof is 18 but "in perfect condition", each tenant is responsible for their own water, sewer, electricity leaving the seller only responsible for taxes, insurance and upkeep. 

I agree with Jason... speaking from experience new construction around here can be years of headache and legal action. 

From speaking to the agent I know they've had offers above what we think it's worth that they have turned down.

Generally speaking they are way over priced and devalue rapidly once built.

Technically speaking most if not all Mortgage companies have a "Due on sale" clause and when transferring title it's technically a sale.

@Shakia Morrison  Perhaps there was just some confusion when you explained it to the title companies you were speaking with. 

Why are the tax benefits they speak of?

Orphans court will not speak to a third party and while my internet research has been somewhat successful, there are still some missing pieces.

I was speaking to an investor earlier today (who does basically zero real estate).