You most certainly can sell the building before it is stabilized, but buyers will discount the validity of the buildings performance.So, to figure out the {potential} value of the building you need to:1) Determine your revenue:determine what is the market rent for each unit type in the building and calculate your scheduled rent;determine the market vacancy for the area (for each unit type) and calculate your anticipated physical vacancy;Subtract the second from the first above and you have your {projected} effective gross revenue;2) Determine your total operating expenses:These include: property tax, insurance, yard maintenance / snow removal, electricity (house metre), oil/gas (if common heat); water/sewer, garbage collection; janitorial service; maintenance (10% of effective gross revenue); Property Management (7-10% of effective gross revenue); advertising, accounting & administration, etc.3) Calculate your Net Operating Income (NOI): Effective Gross Revenue - Total Operating Expenses4) Now you need to determine/learn the price being paid for similar (i.e. same class of building) cash flows in the local area.  

My entire HML business from 2001 to 2008 was based on this formula were I was lending to those buying turn key.. we put them into title with no money down the buyer would get a cash out refi.. the marketing buys in LA advertised buying 4 homes with nothing out of pocket just needed that W 2 income and credit...

I hear her advertisements on ESPN radio's Mike and Mike show 2-3 times a week.

@Jason Roberts  just advertise over on the market place you will get plenty of takers.

Thanks in advance for the help,Alden SimpsonGreenville, SCHey Alden,I'm actually trying to accomplish this myself with my Podio Direct Mail Campaign Manager (you can go to my blog and watch my tutorials on how to set it up yourself).  

As far as advertising, I can do that on my own with next to $0.

So far on my current direct mail campaign I've had a handful of sellers consider that as an option.  

I also check sites like Realtor, Zillow, etc to see what others are advertising similar properties for as a sanity check.

You will need these areas to pop to support an aggressive lease up campaign.  

This will pay for the cost of advertising in case they change their mind.