The Governmemt then “sold” individual apartments to their occupants or other interested parties for $500.

This all comes down to how you're structured, how the flip cost were accounted for, if there is a partner (you mentioned "we").If it is an S Corporation and you "distribute" or "sell" the property to yourself, if there is any loss on value, which probably there isn't, know it most likely won't be deductible if it's a related party transaction.  

Is anyone willing to run some comps for us as we want a 3rd party opinion from the wholesaler. 

Due to his lack of communication ability he has to work through third parties such as myself to obtain this critically needed information.

Infact, I personally dont like the model where the property needs to be exited in 4-6 years to be able to realize PnL for all parties involved.

The rough part is this might be a January rental.

For it to work for both parties you will have to do a little more hand holding and one on  one involvement than you would for a normal rental.  

The hard part is finding the great deals and negotiating the price.  

Both Democrat and Republican presidential candidates have found common ground in the idea of using federally owned lands to address the U.S. housing shortage.

Another big part is just to officially have a business entity to help separate personal and business finances in an official manner.We will do a quit claim deed in the future to transfer the title into the LLC.