Funnily enough, ANOTHER group of Buyers (read: gamblers) have been doing VERY well out of those two markets, even though they usually do have to keep feeding those properties. 

Otherwise I stay away and let the gamblers have at it.  

Looking to get educated in the multifamily area, reading a book by Berges now, but looking for something more in depth.

It covers many different topics in depth, including Financing options. 

Speed gentleman) I wont even try until I have invested on one of the in-depth courses to actually understand what's what.

I have yet to find a legitimate wholesaler in this market (I'm open if there is one, contact me).The margins have become so tight that even the big turnkey guys seem to be lessening the depth and quality of their flips.

Thank you @Shawn Michalek and @Anthony Thompson, this is great information.I think this one might be out of our depth, we are relatively new and do not have a lot of $$ to play with in regards to the possibility of rewiring if that is what was needed. 

If you choose to use one, disclosed dual-agency would take effect and without going into it in depth here, essentially YOUR best interests still would not be represented.

I am not all the familiar with notes, but one of the recent podcasts went into depth on this.  

Here in Anchorage, HML's (Hard Money Lenders) generally charge 5 points (5% of purchase price) up front and 12.5% interest on interest only loans (take loan amount times 12.5% and divide by 12 to get the monthly payment amount).Also, $124,000 is a very good price for a duplex in Fairbanks from talking to my friend, so I would suggest performing a very in depth inspection of the property since it has been on the market for a year already at that price.Good luck!