If all goes well with inspections today and the environmental survey doesn't uncover anything concerning, then I will own my first MFH.

I understand the concept of what I'm trying to do, it's just the details that I don't understand and what I'm trying to learn.Here is an example property on craigslist I thought seemed good: 4-plex (pictures and google maps shows that it is in a group of similar 4-plexes, like a small apartment community), asking $189,000Year Built 1981 Sq Footage 3,648 Bedrooms 8 Bathrooms 4 full, 0 partial Floors Unspecified Parking 4+ Uncovered spaces Lot Size 8,714 sqft HOA/Maint $0 per month I like the location allot, and from my time living around there I would say the rent is about $700 per unit, so $2,800 with all of them rented out.

Find what your market wants, uncover your competitive advantage, and fill an underexplored niche. . . . is what I'd do in your situation. 

For 12 years I specialised in production and manufacturing systems and since moving to the USA my forte has been in mass data storage subsytems for banks...hence some good bank connections and knowledge of procedures.....hence this new field.

The ability to uncover deals would be a must.What information is normally expected when a birddog finds a potential deal?

A lot of times if you uncover something major, you are helping yourself by putting them on notice because then the agent, if it's listed, has to inform the seller and they know about an issue and must adapt to that, meaning everyone else will find the same thing.

Either way, who knows if they're really telling the truth, but it doesn't hurt to ask.3)  The inspection should uncover any major issues, so if it gets to that point, you will be able to back out if need be.  4)  Check into the surrounding areas - are there a lot of vacancies? 

HelloDoes Bigger Pockets specialise in Florida or Nationwide?

The inspection uncovered some undisclosed foundation issues that were going to be around $4500-$5500 from the estimates I got, and the seller wouldn't budge on the price so I walked.  

Hire a Virtual Assistant that is specialised in Real estate Bookkeeping and they will be able to help you out.