What they will offer you is an appliance package, or closing cost help, or a low fixed rate loan. 

This will provide insight into making informed decisions and accessing the benefits that these properties offer.

What should I look for before making an offer on a property like this?

I'm looking to not only share my experiences but also offer my services to those who might need them.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

@Denise CarringerMy preference is to go local - some community banks offer this type of service or local escrow companies, which is what I found, because they offer a higher level of service than most national.

Finally found this one and took advantage of the low interest rates by winning the bidding war with an offer slightly above asking price.

Some custodians may offer access to platforms with investment opportunities, as well.

“Lyons, I love seeing someone with your drive and vision diving into multifamily real estate in LA—you’re in one of the most competitive and opportunity-rich markets out there.

Look for your states offer to purchase contract online or contact a realtor to get a blank copy. review the agreement to be sure assignment is not expressly excluded. if there is nothing excluding assignment from the contract then writing the words "/And or Assigns" after the name or company's name on the buyer's line should be sufficient.Good luck!