-Drive every single street in the neighborhood and write down every multifamily property I can identify.

Is this consistent with your experience or have you identified a different range?

We are planning on 'saving him' for when we might identify another porperty at say an auction where we need funds ASAP and can then refinance to pay it off.The other restrictions that I have found from the big national guys is that  they dont like to lend under 50K, require 30-40% or more down, dont like building pre 1950s or so, and dont like houses that have been converted to multifamily - they in essnece want a property that is easy to sell if they have to foreclose since that one property is their only recourse.Hope that helps a little. 

The property would have to have some kind equity or be so upside down the bank would do a short sale otherwise why would the owner sell.If you have a way of identifying the property I would give it a try but don't be surprised if you have to kiss 100 frogs to find the prince.

Just make sure yoh have a good property manager identified well in advance of your move.

Looking to find a reputable local agent to help identify/close on a Multi-Family property in the area.

@Jeff Kennedy SmartMove by TransUnion is a popular one, however it does require the tenant to have an email address and be able to verify their identify on the site so that may not work with some of your tenants.  

The more you get familiar with running the number, the more comfortable you will become and the easier it will be for you to identify a GREAT deal when it comes around.  

I look up the old addresses they sold and contact the owners for a real review via Facebook or LinkedIn.So far I haven't been able to independently identify a happy turnkey customer.

Of course you want somewhere that will cash flow, but once you identify those areas, different markets will offer different upsides.