I have been down this road many times and I have spoken, with numerous lenders. 

I'm sure it has been asked numerous times in the past, but for some reason I can't seem to find it.I have been lurking through hubzu and doing research (watching listings and making notes) to gain some rough numbers on what is happening with the properties I am interested in.  

Duplex was a foreclosure and has numerous small and medium issues including plaster work, plumbing, electrical work, tuck pointing and some other projects.

I have put in numerous hours of researching local markets, studying the terminology of investment, reading the investment blogs/books, talking with established investors and of course, listening to the Bigger Pockets Podcast.

., and FDICGovernment-sponsoredenterprises(GSEs) – Fannie Mae and Freddie Mac Fannie Mae (FNMA) and Freddie Mac (Freddie) continue to maintain a dominant market share among multifamily lenders and both have proven to be reliable sources of financing through numerous market cycles including the last prolonged recession.

I don't want to be taking health and legal chances, but I am also trying to avoid numerous payouts before committing to purchasing the property. 

There are numerous blog articles, books, and forum posts by some very experience people that will help get you started.

As you mentioned, quantity is the answer.  

As an attorney myself, I have had numerous clients tell me they'd like for me to prepare a document (form, contract, etc) that they can modify for later use, which is fine, as long as you know I may not be able to pick up the pieces after the storm.

The generated report of this should have a graph and numerical figures for projected equity, monthly cash flow, as well as, CoC ROI.