Apartment you have the complexity of building a parking garage potentially and other amenities like a pool or gym, along with considering the lease up period, what vacancy rate you can achieve, and if you're holding for cash flow or reselling it to a fund after you're done with all that.

Going back in time, if I would have taken the bull by the horns and just dealt with the many issues head on, the house would have turned out very differently...then again, we would have finished sooner, and we probably would not have sold it for as much as we did...and made less money.  

My more immediate goal is to purchase my first property by Dec. 2017, if not sooner!

Currently have a good chunk of savings and was thinking about offering 190k with 5% down($9,500), 5% interest and a 5 year balloon when I would easily be able to get conventional financing if not sooner.

Whether you are more aggressive and pay it off sooner by making additional principal payments or selling it I'd focus on it first.  

I'd advise not to get blinded by amenities like a community gym or pool.

Be able to get money back at some point (sooner is always better than later)3.)

Talk soon,Eric

It holds tanning salon, a hair salon, a marketing office, and a gym.

If things were to go as planned, I would likely be able to retire a lot sooner than 52.That's what I would do.