Is there any consideration for the fact that the property is jointly owned?

After lots of consideration and many stressful hours of plotting and thinking, I have decided to drop out of college and begin my career in the real estate world.

Although the exact sale price has not yet been recorded, a real estate source says the property was sold for considerably less.

When you start to get into $1.6+ million, that's where non-recourse, institutional financing comes into play which sweetens the pot considerably compared to the traditional 20-year, floating rate commercial loan on a $1.5 million property.Another thought: 25 units sounds like a lot, but it's not enough to hire out full time management and maintenance. 

Question 3 - Any market considerations I should know about?

@Kris L.I’ve taken those into consideration as well.

A lot of my worry comes from the current economic situation in the country and where housing markets will be following the pandemic, but even not taking that into consideration keeping it as a long term hold what do you all think?

As long as you're not violating Fair Housing or discriminating against a protected class, you can take these things into consideration. 

It’s considerably more than a couple thousand. 80% of millionaires in America are first generation wealthy and didn’t inherit anything.

Minimum loan amount for this right now is $55k.If you can massage your income numbers and qualify for a 5.25% or a 4.25% (pretty amazing) on a landlord loan, then do that - but if you find you are passing over deals, then give this some consideration.