We as a people have also forgotten the instructions Yahweh laid out for us in the Fourth Commandment.So let’s read it:“Remember the Sabbath day, to set it apart.

As Alex said, I would also recommended talking to some local realtors and getting a direct mailing list set up with your criteria.

You can just dive deeper into the C-, D ,F properties until you reach that return, as the rents do not adjust down nearly as quickly as the property values fall in those areas. 

I'd like to set it aside in a money market savings or CD for the time being.

There is no set answer but what you can handle yourself. 

I have to set boundaries and limits so I don't over play: lol.

We were set to close on August, 30th but couldn't find an appraiser in time.

But not every entity is created the same and not every coop is set up or dissolved the same.  

Would like advice on how the tenants should pay the rent and how to set it up.

Those property's NOI would sell for the same cap rate and a cost to cure adjustment would be subtracted below the line.Finally CAP RATE IS OF ABSOLUTELY NO USE AT ALL FOR SFR'S AND SMALL MULTI'S!