We start asking 130k for the house and our strategy was to maintain this price for 30 days and wait the offers, but all we got was far under our ask price cause we were in the new year/January period.

Finally, lenders tend to be a bit wary of properties that have a "concentration" of any particular group such as student, section 8, military, etc. 

Economist may call the a concentration risk or structural risk.Berlin growth spawn from "true love" people actually want to live here.

Building a strong team is step #1 but effort must be exerted maintaining a strong team.  

Property B has been well maintained and has some recent upgrades, property B gets $1,200/month.

@Chris Sullens Summary: You have  to capitalize work done but there is an exception for anything less than $2500I think there can be two situations:1) You convert your personal use home to rental:You can deduct your ordinary and necessary expenses for managing, conserving, or maintaining rental property from the time you make it available for rent.

FWIW: even with an investor(s) putting up the cash, there are ways to maintain (near) full control with an LLC that is set up as a partnership and keep you from crossing into syndication.I am not a lawyer, but have an awesome one.

I was told by the listing agent that the seller just wanted to stick tenants in all the units and did not care to maintain the place and will continue to rent them out until someone buys.So here's my current scenario.

It is has been well maintained over the years.  

Not because he is trying to run you out, but because there is a profit/cost line that has to be maintained in business.Good luck with whatever you decide!