Couple that with the money you spent to get to that point maybe it's less than you expected at the end.Now you could do a 1031, reduce some of those costs and taxes but again that assumes you can find something as the replacement.Or maybe you find something that cash flows and goes up 5% yr or stays flat....

The bank as been listed as the owner for a couple of years now on some while others where listed as the owner within the last six months to a year but not listed for sale. 

Since those utility costs go up if there is a couple in the unit vs. a single person is there a way to charge accordingly? 

The more responsible siblings have even more recently taken over management from the less responsible siblings, as they try to bring things back into order after a rough couple years.They've provided me some initial number that cover their year until Nov 30, 2017.

There is a couple of things missing on some of the answers you will get. 

Hi @Terrence Manderville, I recently closed on a couple of similar transactions and I was really satisfied with the attorney I used as she has extensive experience in these types of transactions.

Get a couple quotes.

If you are going to sell it, then call a couple of local brokers who sell new completed apartment projects, ask them what the preferred unit mix for BUYERS.

Talk to a couple of them about their experience, prices, etc.

Hi AaronI have a couple of suggestions for you.One is to make sure you take pictures of all walkthroughs that you think have potential.