Will need to know density, parking requirements, can the building withstand building on top, lot size, future planning etc…. depending on how well the zoning and platting dept plays with others!

I just had a bank tell me that per new Fannie guidelines, the minimum down payment on a 3-4 unit is 20-25%, even if it is bought as a primary residence. Personally, I think they are wrong. I think they are just an ext...

Make sure you research rental licensing requirement per municipality as they very greatly and make some cities a real pain to deal with. 

My plans would require the Village to rezone the property.

Even if it's in Vegas or Flordia it's still out of state and will require a property manager for the day-day operations.

Many states have non-judicial options where if the contract allows for it(most contracts do) then no court involvement is required to foreclose the property.

If it's a commercial/DSCR loan, then licensing may not be required.

If you are simply return driven and risk-averse, then it's not a great fit. 

Can you generate custom reports in Buildium to match the Stessa required format?

I think my main point, which you’re experience lends support to, is that while there are below market deals out there, it requires a continual effort of being “in the market” and looking at 100s of deals to negotiate the rare below market purchase.