The remaining tenants say they'll think about it.

Keep in mind the money remains the property of the father.

Part of what I do in providing pics to my OOS Owners, is generally remain consistent with how I move through the property and take the pics when unit is vacant.

Gross $6300 a month, net $3,200 a month after all expenses.2 Flat has leases in place and will gross $3,000k a month and net $1,300.We will have the rehab paid off in 2 months with our only remaining debt being student loans & 3 mortgages.

It is sold now owner financed with a few years remaining.

So, if the bank (Huntington National Bank) would be willing to accept the most recent offer to buy (which is 8k more than any other offer I've received in the last couple of months), do you think that they would be willing to extend the loan for me in more manageable terms than what I suspect may be offered -continue paying the current mortgage and than pay the remaining balance in July? 

Assume that at the beginning of the deal Limited Partners put down 80% of the equity and the Sponsor the remaining 20%.

In that case, you just mail them a detailed invoice maybe with pictures containing the damages (take detailed notes and photos) or cleaning costs that were deducted and remaining deposit balance if any.

Different classes of hotels, franchise flags, number of rooms, location by city and also location with in a city,  length of time remaining on a franchise agreement, amounts of any upcoming PIP,  property condition, and a number of other factors will always in to an appropriate cap rate For a property.  

In real life things happen but your over all goal should remain the same.