To your second part of the question: Most multifamily will be tenant occupied, which means they are producing income.

Can you offer tips that aren’t going to produce properties that are on every list imaginable?

You don't part with any money when you produce POF.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

.-- How many active tradelines produced that credit score?

Happens every 4 years, regardless of whom the winner is.Increasing your refinance will also result in cash out refi versus rate and term.  

Fair return is calculated to determine if the owneris maintaining the net operating income produced by theproperty in a base year, subject to CPI-related adjustments.https://www.readkong.com/page/guide-to-oakland-rental-housin...2021 - GUIDE TO OAKLAND RENTALHOUSING LAW

Yes there are tons of vacation homes in the area, but too many of them have not been updated and as a result, they either don't rent or they have to cut their rates in order to attract guests. 

It's not often that a low producing property recovers that much.  

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.