It will be a lot of hard work for little to no pay (or loss) until you hit a point that will be long and hard. 

So many options that we are at a loss.

You can adjust the rental rate at the renewal or the next lease up and possibly make up the loss the following year!

I'm currently trying to determine the feasibility for a park on that property. 

One problem may not be feasible to fix, and the other is easy to fix.Does the apartment complex have a unique feature that makes it more desirable? 

No, it would be a total loss.

By easing into real estate with a well-thought-out plan and measurable goals, you can demonstrate the feasibility of your vision and work toward earning his support for future investments.This post does not create a CPA-Client relationship.

I know it's a long shot, but I'm currently having lawyers review the signed subscription documents to see if there's any way to minimize the losses here. 

The loss of priceless art, jewelry, autos, memorabilia and watches could often match or exceed the property values.

After 2 years I have had to replace very few items, whether that be from theft, loss, or over usage.