The average rents for comparable properties was $1,368The average sq ft was ~1100Most properties were 2/1's; most did not have a backyardAll properties had to mid-level rehab, some are very high-end and could be considered outliersAnalysis can be found at this spreadsheet. 

Lastly does anyone know of these lenders in the Philly / S Jersey area?

So here i am years later in my early 30's.

There's a small pond on the land, but most of the 'wetland' is just due to elevation and it runs in a narrow band diagonally across the nearly square parcel, dipping the most in the center where the pond is, the rest is dry most of the time....just not build-able where zoned wet. 

Would it be better to create an LLC or S Corp?

He's an older gentleman, around 80 years old, and has had the building since the 1980's.

Adding on to @Thomas S. comment about attitude. 

And then the s**t hit the fan and they couldn't even pay their full rent on Month 3. 

If you navigate the questions and listen, he will give some reason(s) that can usually go back to either time or money. 

I assign them to my S corp. my LLC, or my SOLO 401K.