Wow, thank you, thank you, thank you @Natalie Kolodij @Caleb Heimsoth @Scott Wolf @Wayne Brooks@Bjorn Ahlblad and a very special thank you to @Dave Foster for answering in detail all my pesky questions.To answer some of your questions @Natalie Kolodij:I still have to calculate the exact amount of the renovation costs, but I am pretty sure it would be around 70K and some of has probably already been deducted from my taxes because I forgot to mention that I bought my property under a  sole proprietorship LLCI could buy a multi family out of state but I would need to hire a management companyI part time occupied part of the two family but not as my primary home just as a vacation homeThe 2 family was an investment propertyFor @Dave Foster:is it better to hire a 1031exchange intermediary from the area where the property that will be sold is, or could I work with you even if you are based in Florida?

There's a very detailed case study on Roofstock by Jason Gines that was extremely helpful and allowed me to move forward with them https://www.biggerpockets.com/forums/92/topics/468304-roofstock-case-study

Plenty of folks on here like to help with analysis, so once you have more details to share, you may get some helpful advice to help you with your decision.

Appreciate the detailed comment!

They were planning on selling retail, but I found them first and we've started to talk in greater detail.

Can you share Saba’s details by DM me?

Find an educational video or brochure about how to properly use A/C.

I know that the architect is not interested in providing any more details of what they have in mind without knowing that they will be selected for the job.

You might start off by managing your first rental property and then hire a good management company with a minimum of 30 units so you can afford one and will takeover the daily involvement to take care of those emergency calls and new tenant screening.If you have or can get YouTube, watch a man named Grant Cardone who has many videos on there and believes in buying apartments. 

Regardless of what the contract states, I would contact the PM with the same details you've provided here.