I'm ready to start getting out of the research phase and move into an action phase!

Oftentimes, I see people go into those types of properties with spreadsheet (or worse, their sales agent-assisted) projections, and the projections often do not match up with the reality on the ground. 

For larger MF - Get to know as many commercial agents as you can - they have boots on the ground all the time and know a lot of property owners from over the years.

I went to an REI meeting the other night and a company called Rehab Wallet was there telling us how to get your first property off the ground.

Then you need a solid team or boots on the ground.

SBA 10% down, conventional 25%.Will go higher than the 12 years, if the market is underserved and we can raise rents, or if there is land to expand.Most people use CAP rates, I'll let them chime in, with their financial targets.Involvement- you will need boots on the ground to service the facility. 

Had I known more maybe I would have hit this analysis paralysis phase a lot of people get into but I found that first hand experience worked best.

When I rented an apartment in college the top floor was the most expensive then middle then the ground floor which I thought was weird. 

Other simple things include grounding/reversed polarity of outlets (you can buy an outlet tester at Home Depot for $5), using foil-faced tape at furnace & water heater flue pipe connections, operable smoke/CO detectors, cracked/chipping/peeling paint if your applicant has children under the age of 6 (I think?)

Things getting sold a lot over the asked price and despite being boots on the grounds and getting connected with local wholesalers and investor, I find it almost impossible to land a deal.