Your lawyer will have advise for you.   

We are specifically interested in multifamily properties (2-5 units). 

Are you using a specific property management software to handle this automatically, or do you have a different system in place to ensure accurate tax reporting?

“Notes” are such a BIG field, that I’ve found it more efficient, effective and profitable to target specific “arena” of notes at different times in different economic environments.  

However, I'm unsure of the specific areas within these states to target.

You CAN limit that agreement to a specific property; but, as others have stated, agents are looking for a certain amount of loyalty from their clients.If an agent gets vibes from a prospective client that indicates that they want to cheapskate and not pay a professional for their service, they are not likely to waste their time with them.

but that's dependent on your job, relationship, goals, commute... we can't advise you on that.

Most get cornered into purchasing specific property types because its what their resources allow.

Both Conventional loans and DSCR loans can offer this flexibility, depending on the specific scenario and borrower qualifications.

You have to get specific with these dates, give opportunities to correct, and take action the next day if nothing happens.