Where do you want to live?

From there, network and do your research about the area, have all of your "ducks in a row" to then action on a property if you see it come on the market and the numbers make sense.

Given that your property has been subdivided into two rental units, it should indeed be compared to other multifamily properties in the area, not single-family homes.

Submitting a letter of intent.Focusing on properties that have been on the market for more than 60 days.Offering the full asking price as earnest money (should I even consider doing this?

Most people have a mortgage on their home when they sell it.

Not all PMLs/ HMLs will do 2nds.

Did you pursue it and close any deals?

With TOU service you charge it at night for 5-7c/kw and use it during the day to arbitrage the price difference. 

Similarly, if you put all Class D tenants in a Class A 4-plex, what do you think will happen?

These sellers can be more critical of everything you do i.e. the property description posted, choice of images to upload, frequency and time of open houses, negotiations etc. 2.