Getting clear on those will help define your role in a partnership.

Id also define what you are looking for, ie does apartment mean a condo, would a rowhome work, are you looking for move in ready or are you trying to fix something up, ect...

The best way to overcome that is to clearly and explicitly define your criteria.

@Bryan Igboke I am doing the same up in the SF Bay Area and the post office told me I would need the city to define both properties as separate addresses.

Mortgage rates lurched to the highest level since mid-November this week — a worrying sign for investors navigating a market defined by fast-rising house prices and low inventory.

(Thanks for defining) I'm new to biggerpockets (there is alot of info on this platform) any educational resource recommendations?

Your risk profile could be either an (S) or a (W).Your opportunities are directly related to your (S) and (W).Threats could be your risk profile.Other strengths could be, knowledge of a particular class of renters, or etc...Of the (4), (W) is the hardest to define, because you don't always know what you don't know.If you are not high in experience, doing the SWOT with someone who knows your particular investment (SF, MF, Class-C, Class-B, rent to own, Air-BnB, etc...) might prove to be a helpful experience.Maybe if you outlined your investment business model (what your looking to do)...it might help.I say this because, for instance, my SWOT (and business model) for large multi-family would not line up too well with someone making money from Air-BnB, or tough neighborhoods.Good Luck!

Also having defined processes for risk analysis and property vetting has been extremely helpful in vetting new acquisitions. 

I am planning on implementing something similar to your suggestions of post occupancy, defining move out date, and have a month-to-month lease in place that would go in effect for paying rent beyond that.

I have found up to four "units" but I don't know what they define as a unit.