We can figure it out on our own, but I would much rather learn from someone else’s mistakes if possible.

The other is a 5 yr fix, by the Seller, with possible extension, due in 5 or 10, AT 7.5% with separation clause and no PPP.

Furthermore, I received an outdated data report, possibly, in my current opinion, in an attempt to pass me a fast one by me.As a side note, my wife believes I might be overestimating the expenses of addressing the concerns raised in the previous inspector's report and that I could be mistaken about the entire situation.

Pay down the loan and let natural appreciation work for you to get the best LTV possible on the refinance. 

The entire dropped ceiling is being replaced with new tiles and the metal brackets holding the ceiling are being painted white instead of the off white they currently are.

New Bern has a 2038 Plan that is on the books with the intentions of revitalizing the entire local area.

Is it possible yes but very rare just like finding a needle in a haystack.

For the remaining units, is it possible to offer cash for keys to get residents to vacate so we can bring those units to market rent?

You need more colorful accent walls, take those stickers down, it looks like you phoned this in and spend an hour theming the entire house with a $200 budget.

However the question is how much I am willing to invest in that attorney's bank account to possibly secure the property.