This might go against the grain here.... but I'd get SFH/MF mix and pick out the good ones.

If they won't accede to your view of fairness, you can pick up your marbles and go home.

Also walk around the neighborhood a little bit and determine what kind of renters are likely to live there.

This is determined by your contract. 

To answer your question of what we need in a lawyer, at this time we need a consultation to better determine which services we may need.

We are working to determine our financing and finding a property. 

Depending on how much there is left would determine what to do with the money.

I wished him the best of luck with his earnest money deposit & invited him to call me back once he realized that fake quotes don't provide shelter from the rain, only homes do, so pick which of those two things he wanted and act accordingly.

And that's why I show my property myself, it's when your nose can pick up "spoiled brat".

If you've already determined an accurate ARV, I assume you've seen the comps.