I am going to do a walk-through on a FSOB 3 story triplex (3beds, 1 bath per floor) that is within walking distance of a major college.

I am an experienced landlord with conventional SFR's in my area heading out for my first HUD foreclosure walk through.  

You end up spending an hour and walking away with a few good tips but no foundation.

(assuming your credit is decent)Before you start running, walk first.

I am an investor in Ypsi, and I spend my time walking my dog through areas I'm interested in!  

First, if you have a real estate attorney, they should be able to walk you through this and do the paper work for you.

Make sure you do a walk through before you make any offer and run your numbers including accurate comps and repair costs first to see if it's a good deal for yuou or not.SELLING PRICE FORMULA:ARV-30%-Repairs= Your Selling PriceMAO(Max Allowable Offer) FORMULA:ARV-30%-Repairs-Your Profit= MAO

If you like them, and they seem like a good fit, then ask if you were to find some deals, if you could bring the deals to them for them to buy and then offer a 60/40 split (they get 60%) if they'll agree to walk you through the process of closing on it/selling it.

First thing is don't be afraid to walk away from a deal where the numbers don't make sense.  

Walking the path behind some houses I saw a neighbor watering his lawn.