Properties with long TOM

[Nolan Neu]

I’m looking to buy a multi family (2-4 units) that has been on the market for a significant period of time. I understand that this property type will be distressed, so I was hoping to get advice on what the red flags are in purchasing this type of property, any resources to get me prepared to own and rehab it, and the thought of putting an under asking price offer on this home in a this current bullish real estate market?