I see so many different methodologies that it's difficult to identify which makes the most financial and situational sense.

Have you already identified your 3rd property?

Location isn't really an issue since I'd hire a property manager.I want to start browsing deals and learn how to identify a good deal. 

If you're tech savvy you can put that info together yourself and identify some good leads.  

We are very much in the early stages of research, identifying how our wish lists align, location, etc...

I'm trying to identify a good area with reasonable multi-family inventory - are you finding a higher concentration of multifamily in a given area?  

Again, if you can identify the price point of the home, the finishes, and what major items I listed above will be done, we can more accurately respond.

I think the first step is to identify what type of investing you are looking to get into?

While the above-referenced items identify what is customarily required by Servicer to support a Loan Assumption request, Seller and Buyer acknowledge and agree that the terms, provisions and conditions of the documents governing the loan(s) to be assumed will ultimately control, including, without limitation, transfer fees and costs, release language, legal opinions and the documentation required to evidence the Loan Assumption.

First, I would identify the average price points of the majority of recent sales in your area that you want to work in.