Property is held in land trust with LLC as beneficiary, and is in Jacksonville Florida. 

Friends family and associates that know and trust you may be very happy to lend at 6% when they are earning 3% in a bank CD. 

Do you trust the info from the seller?

No legit buyers want their time wasted, so, in the words of Ronald Regan......trust, yet verify.  

There will eventually be some overlap as older units deteriorate and become low income units if the owners defer maintenance and don't maintain their rent price levels.

We have found that bandit signs and direct mail is almost useless down here- therefore we committed to social media at a very high level and have generated a lot of business that is untapped by using Instagram and Facebook ORGANICALLY...That's a great tip about using social media down here.

For example:  Allow them, or some sort of escrow or land trust, to hold the deed as collateral? 

It seems they check for visual, electrical, moisture, mold and gas.If it really is that simple than soft inspections can be done much cheaper and faster and more often by a trusted but non - certified joint venture partner.While I'm in the area I can do a demographic, a title, and a infrastructure forecast search.

You need to see saturation levels for the area for the product type retail, medical,etc. you are thinking of.

Trust me, you will make more money from your corporate job in 5 years than the average poster here will make in their best year.