Communication is EVERYTHING not just in multifamily but for any type of deals.

Depends on type of facility.  

"There's 2 types of house's, 1 where people know they have rats, the other is they don't know they have rats"Poison is a really bad idea, especially when tennants are involved.Hire an exterminator a document everything.

What type of funding are you using?

* What types of evidence would we need?

Regardless of how a certain asset class is doing, an investor like yourself can ALWAYS find a good deal in any type of property.Now, my general suggestion for all of my CFO clients is the gradually move up the unit spectrum/asset type as you build up your portfolio.

When it comes to these types of auctions by the sheriff, is there a waiting period that must be observed before rehabbing/renting the building post winning the bid?

the key to investing in these types of deals is just like you just said.. you can lose the money and not change your lifestyle..

I didn't know there was a different type of insurance that I needed.I had bought the home with a standard mortgage and standard insurance and then I decided later that I would flip it. 

I have tried both, I think it depends on the market you are targeting and the type of leads.