I do have a Commercial Fix and Flip Program that will provide cash for the acquisition and to Rehab the property.Once it's stabilize we can secure Permanent Financing and take out the bridge loan.Multifamily has, by far, the most interest in CRE Financing world, if it's a good enough deal we can get you the financing but I refuse to make bogus promises about what is and is not possible.If you DO NOT have the cash to put down on the property there a few creative financing avenues which may be possible if you have a motivated seller that is willing to work with you on terms.The 68% occupied property would be most fit for creative financing because there is clearly something going on there with the current owner.You can look at a master lease with an option to buy or doing a wrap combined with a seller second... the only thing is that the seller is highly unlikely to accept those scenarios.Now... there is one "highly unlikely to happen" scenario where you could technically get 100% financing but, again, the seller would have to be out of his mind to say yes.It entails a Hard Money FIRST MORTGAGE of less than 50% of the "Quick Sale" value as determine by a BPO... this would serve as your down payment.

If you provide specific services (called "substantial services", think hotel) then it’s considered a business and reported on Sch C (this is rare for an STR). 

I did do a sales search but didn't provide results either,  other than the listing agent who played dumb saying she has no info.

It is incredibly hard to make money bidding online.

I would network with contractors out in your area, or you can find people online (VAs).

These are situations where an individual investors knowledge, experience and expertise provide a unique advantage over the universe of other investors competing for “great” deals.  

I'm looking online and see the words "you must register in advance..." 

Next, if you are comfortable with the numbers a long term rental would provide, keep that as a back up strategy and play with the numbers a mid-term rental in this area would bring.

(B) An Owner may lease a Unit for residential purposes provided;(1) There is a written agreement;I am new to leasing out a unit in LA so I am confused about the following (all rentals would be more than 30 days):1.

Most banks want to dispose of non-performing assets quickly, and will do so by selling at a public online auction like Auction.com, or list the property with a local Realtor on the MLS.Even if you can work your way up to the bank's decision-maker on this property, it's highly unlikely they will sell directly to you.