The time has come to secure permeant financing on them.

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Your time holding the property and also not reusing that capital is another big issue that you need to look at too due to putting it back to use.. 

Conventional lending is not really an option as I am a college student and dont have much W-2 income at this time.

Some individuals are afraid of diversifying all their money in the stock market and might be interested in holding real estate backed notes. 

It's awesome to see someone with your investment background diving into the local real estate scene.

Never include a call to action in your reply to a forum post.

Have multiple funding options in the works because one might fail and you will need the back up to close on time.

I’m new here and new to the world of Real Estate Investing.