Multi family you can get as low as 50k/unit for something decent. 50-125k/unit is the general range for prices to still have positive cash flow from day 1 with your typical 20-25% down payment. 1-1.5% rent/price ratio in most cases. 

Residential agents and firms, in my experience, are shy /embarrassed/hesitant to submit low offers and I didn't want to have to constantly justify this to my broker in charge.

Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.

An entry-level job at WalMart or McDonalds will easily earn them $2,000 a month, but they can't afford $360 a month?

Not to low either, you don't want to go with someone who is just focused on price as this is a quality of a not so great accountant.

What kinds of tenants would be best for this kind of building with such low parking?

Square footage and number of interior and exterior levels is also very important for rentals, you have to look at the comps.

I'm curious what investing looks like in Arkansas and if there are any local investment Realtors that can shed light on the situation around here.I live at home so my expenses are quite low while I figure this out, which is good. 

For starters, they are having trouble even keeping there cost of living low while starting new families.

If rates fall later this year as forecasted, it could be worth factoring in the possibility to refinance and bring my mortgage down low enough to continue renting it as a short term rental or consider renting it mid or long term.