want to add if this is a 5+ multi family property it was sold based on the income it produces and delivering it vacant is not what "is done" ....   

Lauderdale area) to purchase a multi family home that would produce cash flow while I stayed there for a year.

Unless the insurance is sufficient to pay off the mortgage or even if it is, don't expect to be able to sell the remains very quickly.Mortgage companies are set up for conventional closing where they get all their money from the escrow or lawyer'c closing.If people pay off their mortgage with out selling, the system eventually produces a letter to be recorded at your county deed office that the deed to secure debt has been satisfied. 

The value of the property is directly related to how much money you can produce. 

I then went to a large, public, in-state university for PT school, and I later worked with folks to went to Columbia, which represented itself as producing therapists that were somehow "superior" to other schools.

Wife's property management duties also included inspecting units, preparing units for rental, advertising vacant units, screening potential tenants, showing the units and processing rental applications.Wife produced two spreadsheets detailing her rental management activities.

What results do you want your investments to produce?

but you may want to look at other business's that would produce far more returns than rentals.

We are looking to host an event at our top producing property.

I choose to leverage "good debt" to acquire multiple cash-flow producing / tax favored / appreciating assets.