You can find a cheaper contractors at $40 per sq ft but it reminds me of playing craps at the casino.

With multis you're dealing with sophisticated sellers and if they can't turn around the building, what makes you think you can?

Creating my own HOA sounds like a sophisticated move.

You guys are so doom and gloom, come on man, the fed (that caused all this btw) is going to save EVERYONE, Banks, credit unions, trust and mortgage companies, investment banks, underwriters, brokerage firms, hard money lenders, stock speculators, the airline, auto, restaurant,hotel, bar, retail, casino, and travel industries,money market funds, the repo market, the global fx market, the stock market (direct purchases soon), the bond market, the derivatives market (oop's sorry ronin capital), consumer spending (helicopter money only 3 weeks away), your local bowling league and oh yea, air bnb.Don't worry the largest financial event of our lifetimes, BY FAR, will be over in a jiff and you will be rested and ready to get back to work!

I think there must be banks of bidders bidding on properties for one bidder or they have some kind of sophisticated bot bidding.

I think you can create better deals working in the "residential" space, I have found that as the deals get bigger the other parties in the transaction are typically more sophisticated.

Especially in these situations, becoming knowledgeable and sophisticated as a borrower is table stakes.

Most times, newer or less sophisticated buyers (usually under $1MM) seek out "mom & pop" Parks that keep poor financial records.

Or go to the local casinos, if you just want to gamble your money away.Think.  

Any casinos around?