This is my first time posting on the forum so I really appreciate everyone's feedback as it's helped me think through this offer.

Bank statements should be helpful for determining that each unit is actually paying each month, and to know the total income as well as expenses.

You all need to go after motivated sellers, not just off-market sellers.FSBO are all about offmarket, but most of the time FSBO want market value.So to answer your question, and to be more helpful and of value than you think...here is what you need to do.Distinguish off market sellers, from motivated off market sellers, because this distinction in your marketing efforts will make ALL the difference when it comes to  results.Then reverse engineer your strategy based on the behavior and distinction of those motivated off market sellers.So if you understand what I am saying here... your question about "templates" is wrong.It is not about where do you find templates for off-market deals... your question should be, where do you find  motivated seller off market deals... because when you know where they are.. you don't need no stinking templates.You just need to explain how the process works and the result...well:If I had a mic, I would drop it right about now.Good luck my handsome feller!

This is very helpful. 

An official background check and personal referrals can help you identify red flags unrelated to finances, such as poor tenant behavior or previous criminal activity.

Hope that helps.

This would be my single biggest piece of advice, as a rough location with little upside offers little margin for error.I sent you a DM to help out :)

Also to note my brother is a journeyman plumber who is willing to help on any plumbing repairs should they come up.Financial ConsiderationsThe numbers look good using the BiggerPockets calculator, but I have concerns about our ability to pull off a BRRRR strategy due to cash reserves and DTI constraints.

If you’re in an area with a strong private banking community, that might be your best bet.Hope that helps!

Feel free to reach out if we might be able to help at all