Are there any particular things to check when evaluating such a deal?

Last I checked my average across 30 units was something like $179/door.

These are all cash purchases with 10 percent down at the time you win the auction via cashier's check.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

It’s a good gesture assuming it is part of what gets regularly checked and restocked if needed. 

I just checked and it has reservations through the summer already and I'm sure its occupancy rate is close to 90%. 

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.Mentorship isn't about finding a great mentor.

Title company issues check to seller.

I'm absolutely not interested in leasing fast at all and I'm extremely picky about tenants and I do things like require a large security deposit (even for section 8 renters, I have three of them and love them), don't supply appliances, take my time doing background checks and arranging multiple calls/meetings with potential tenants. 

Hey,If "building class designation" is the same as zoning, then this seems like it can definitely be appraised as a two family, with both the legal and actual designation as a two family.Depending where in NYC, that may not help your valuation, as primary residences sometimes sell for more than investment properties, so check that out before challenging the appraisal and definitely before paying for another one.Double check all this with your lender/broker as well.Best of luck!