I understand building in additional income, but I think you are doing a long term dis-service to yourself in that respect.  

So is the property a 6 cap on existing rent and then there is additional percentage rent if sales go above a certain number annually?

I have to think this is your best bet by far.2) Craigslist3) Realtors.  

In addition, ideally the unit and rent continue to appreciate increasing your net worth. 

Any additional feedback is welcomed and much appreciated!

Understand that by doing that, the city may require additional repairs to the structure if they see anything out of code. 

that's great. are you looking to pick up any additional properties in Birmingham?

In addition, I can collect enough rent to still cover every time I get money out.

The University area is very good to invest in with decent returns and a safe bet

Agh - I think my post may have come off as a little insensitive; I'm more concerned about finding additional information on the delays/re-inspections/costs associated with extended contract periods rather than making a buck at someone expense.Given that we may have to delay our closing, I'm curious if anyone has experienced similar scenarios where they were required to re-inspect, re-appraise, etc. following a hurricane strike.