I know I need to go to the sale with at least 10% cash/certified check, but are there any other issues that I should be aware of?

Most wholesalers buy lists and perform mailing strategies as well as have virtual team members who make the warm up calls and then the owner (you) close the deal.You need to be extremely aware that people will be mad at you, calling you names, swearing at you, etc because for you to make money at it, you need to buy it below market value. 

This sounds like a cycle of bad decisions but at least you're aware of them.

They can even be higher than 100% if you get a big hit in one year.Something else to be aware of is that the 50% includes property management.

@Dan Weber I am aware of the program and actually have a friend that just got certified to put them in.

One thing to be aware of though, that we learned the hard way, is that if it's in an area where most multifamilies are attached, it will be more difficult to find rental comps.

They don't need to be involved in your decision - just act as a sounding board; so you can be made aware of the new "garbage dump" or "drug and rehab center" that is beiing considered by the local council for approval just half a mile away!

I was not aware of this property until recently and cannot confidently adress exactly why the original owner went under.

Seller is not aware of any structural defect or adverse geological or environmental conditions affecting the property and its value.7.

Is anyone aware of this?