Any tips for someone weighing those options?

If you are using a third-party site to conduct the background checks, sometimes they have the option to send a person, a denial letter, and due to the fair credit act it may be required to send them a notice, informing them that you checked their credit and background so that they have a receipt that it was completed.

Rae, I would keep checking the sites including FSBO, FaceBkMarktplace, and driving neighborhoods. 

SIH has some marketing gimmick with the Real Estate Guys where they bus unsuspecting retail customers around to the sites to see home being built.

Any tips you could give me on this in terms of viability?

Certainly not impossible, but the multifamily market (especially for larger properties) is pretty active and below-market purchases, while possible, don't happen as often as they might in the smaller property space.Pro tip:  If you still like the idea of purchase cap rate, use stabilized yield on cost instead. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

Ignore these fake responses from the "official" rep. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

Removing some of the on-site staffing that is not needed 4.