I began to reach out to a few people to partner on the deal, however, my mentor advised that if I could go alone, I should.

Sounds like FL would be ideal for you as you have someone there already who can drive by properties before offering + advise on location + surely he has an agent out there that comes recommended.

I have been advised to hold off on putting in any other offers so I don’t miss out on this family member purchase.

Can anyone who is an active investor in HUD multifamily please advise on the basics and what to expect?

It looks like you getting good advise do not take partial payments.

Basically, for two months, the supposed close date came and went, and I could not get a hold of anyone.Finally, I heard from the realtor who advised it was the city's fault (permits, etc.).

He also said the in home visit is to protect you as well, the landlord, that way is something breaks, it was documented before the tenant moved in.My advise when it comes to section 8 - I wouldn't shy away just bc its section 8, but still keep your requirements as a landlord.

@Gavin DowdyI’m generally a guy that advises against selling as much as possible-you’ve already got the asset, gone through the search and buying process, paid the closing costs, etc. 

Your CPA has a narrow view that is specific taxes and accounting, I'm not diminishing his knowledge or advise, just giving a different view on a broad and complex theme.

Lots are on septicAny help or advise would be greatly appreciated!