EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

One thing in real estate and probably most other businesses is that most people including me don't know how to measure and evaluate risks.  

•KISS – Keep it simple stupid•Low risk as each unit is a small % of investable capital•Downside protection if properties are purchased in areas where they can be sold as residential homes. 

Potential cash flow How did you find this deal and how did you negotiate it?

Quote from @Jeff Roth:Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.I would not base the income potential for a MTR on a rule of thumb.

I see a lot of potential and I'm looking to purchase my first multifamily duplex in the uptown area.

Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction. 

On the other hand, you might find a common reason that a few of your potential investors are not investing that might change your own thoughts on the deal.

But if seller was in such financial straights to have any risk of doing such, I wouldn't recommend getting into a C4D, there is other mechanisms of potential. namely, assuming the mortgage. 

So when a potential guests looks at a property before going to bed and then they wake up and decide to book the rate is jacked way up and they message me asking what is going on.