As the others have stated, a 3rd party bank hired Appraiser would most likely utilize the Income Approach with secondary support from the Sales Comparasion Approach.

I'm not sure what the actual height of the flat part is since I did a virtual tour.

if its managed by 3rd Party pm you should be able to get a Trailing 12 months of income and expenses.

We knew the party had to end one day but, the awakening was rude nonethelessFor the past 10 years, Multifamily real estate has been a shining star.

Just got a call from an interested party asking me for some specifics.

But there are many issues at hand in CRE apart from the underlying fundamentals of real estate that come into play when making investment decisions like cost of capital (which varies by party), investor motivations (arbitrage, tax, etc) amongst other items. 

We are in Raleigh and listed a fully furnished unit about 10 days ago and have had two separate parties interested in moving in on 5/1 which is our availability starting date.

Only virtual thru 3rd party systems if they're already set up. 

You can also contact the other owners and see if they have already had a survey done or could corroborate a professional third party opinion.

Now lets say a third party steps in before the set amount of time is up and offers to pay the property owner the amount they owe to make the certificate holder whole.