I had to personally guarantee the loan.Generally, commercial loans are based more on the cashflow and quality of the investment than your personal income and credit.

Because, the South Florida market, sell prices fluctuate so wildly compared to relatively stable cash flow markets like the mid-west. 

All based on numbers.

If you are really going to settle on this property - you could ask the owner to give them a 60 day notice of rent increase - send this notice effect September 1st, (don't miss this mailing) raise the rent to the number you want - if the tenant agrees to accept the rent increase - great - if not - you would be in a position to eviction them based on the non-payment of the increase or they will just move - you may want to say in that increase rent notice that there are plans to improve their living conditions, supply new appliances and whatever you plan to do.Do this will help get what you want without vacancies and still have a tenant who will be happy to comply to the increase.Cash flow is King - don't kill the King.Charles

County  tax assessor office assess the property based on purchase price.

A property must be appraised before a loan is issued because the lender is likely basing the loan off of the value of the property.  

On sites like fiver for example... 5 dollars is the base price.

@Mike Conklin Been renting units for clients and for my own investments here in CT for a while and I have never had someone rent or not rent an apartment based on the type of cooking heating source.The quality of appliance may matter to a tenant, new vs beat up, stainless vs plain white, etc.I would say just go with whatever source you prefer and don't get caught up in what the prospective tenant will think.  

Based on 27+ Years experience, a Title Company will NOT Release Earnest Money until both parties (Buyer & Seller) agree & SIGN OFF on who gets the Earnest Money.

@Mike Cumbie Based on a conversation we have had the interest is there I just need to give some additional motivation for selling, which may be just a matter of using the right kind of financing, which is the step I am currently at.