It really is the gift that keeps on giving.

Look at market reports (we use CoStar) to see what other nearby properties charge, and if you don't have access to these reports, make phone calls and/or shop these properties and see what they offer (amenities, how nice the apartments are, what's included in the rent, their other fees, move-in specials, etc) to determine if and by how much you can increase rents.Again, I encourage you to learn more before making you first purchase. 

Seems like a great deal,close to shopping, probably a C area.

If you are shopping right now, I would give it at least six months to see where the trends go.

Once you determine if there is a deal there you can get it under contract and shop it around to investors that do commercial.

@Ruchir Kaul  I would do both and shop for loans.

I would likely give them a break in the form of a gift card to a decent restaurant.

But i am getting hung up on the creativity and paying back those creative loans.I did a little shopping for a Heloc.

Others get cheaper materials like the cheap caulk, materials from side shops. 

You must shop around You can often Buy a Trailer online from Someone wanting out or moving on...