Just call around and see what other banks have to compare.  

I'm a new investor and my knowledge of financing is still growing but the balloon element of the existing loan makes me nervous.

The average rents for comparable properties was $1,368The average sq ft was ~1100Most properties were 2/1's; most did not have a backyardAll properties had to mid-level rehab, some are very high-end and could be considered outliersAnalysis can be found at this spreadsheet. 

Just explain to them what you are looking to achieve and you should be able to find a few to compare. 

With student housing, expect a higher expense ratio compare to regular apartment communities.

What I do in those situations is look up comparable properties to mine on the MLS or Zillow and see what those comps are currently selling for.

When analyzing a deal, where would I go to find accurate comparable rental rates? 

So, the two key elements for being considered a real estate broker are doing real estate transactions "for another" and "for a compensation," exactly as we talked about previously in earlier posts.

I would wait until you inherit the 50% from the father and sell it to avoid the the large gain as your father basis must be low compared to fair market value.

But those monthly payments are crazy high as compared to the balance because of the shortish amoritization period.They are typically a variable interest rate.