When your Modified Adjusted Gross Income (MAGI) is below $100,000, you can take up to $25,000 of passive losses annually. 

I would want to make sure there isn't anything marking it up since that would deter or adjust leverage for any lender - private or not.

I think that as long as you research and implement proper systems, then dealing with the existent tenants in the units won't be too bad after an adjustment period and it will help you both in the long run; if they're running well he can buy more and pass them on to you and with proper systems in place, you can take on more with little to no extra load! 

basically can you can adjust the boundary or fill to get out of flood plain.How long does this process take?

I guess the size of the lot might suppress the value, so I should adjust my estimated appraisal value to $225,000+?

Adjust the sales price depending how much they will take on the rent credit towards the sales price.  

It took a little time to adjust but now it's great.

I received a 25/5/20 @6.5% on my 10 unit mixed-use years ago.  25% down, 5 yr call and rate adjust, 20yr term.

You can also do an amendment to adjust the move-out date earlier. 

You have to adjust the filters for recent sales and put in your criteria, etc.