When you buy a (real) "foreclosure" at, for instance, a trustee sale the only requirement for the sale to go through is you need to pay the winning bid price in full.

If you're looking for more of an appreciation/forced equity play, Portland can be beneficial, especially if you consider house hacking.Lastly, connecting with a local real estate agent who specializes in multifamily properties can provide invaluable insights and help you find the right deals.

I'll split this post into two parts based on your question...NUMBER 1: OBTAINING POSITIVE CASH FLOWIt comes down to many factors, but a few key factors that I have found that have the largest impact on the property's cash flow are below (The below generally holds true for any market.

Or better yet, have a licensed contractor do one.That way, you will have proof if the tenant tries to play games with their results. 

You can invest in class D areas that on paper will show a high IRR of 20% but I would not touch it with a ten foot pole, but in same breath I would consider a 10% IRR where there is no leverage and low investment to value.If the class(a,b,c,) of an apartment building is based on the year it was built than what specifically determines the class of the area?

Yes I like to play by the rules.

Development cost: this cost fluctuate a lot based on the site.

She was told by our local power company, PPL, that our meter base needed to be upgraded, THEN they could put her meter in (there was no meter in her unit because the previous tenant moved and it has been unoccupied for a few months).

My engineer did briefly mention to me this was a risk but felt comfortable defending our position based on our compliance with AASHTO and we never discussed again.

And then, , with the trend back towards insourcing, meaning manufacture of goods in the United States based on what happened with the supply chain and China, , investing in areas along major interstates is probably a good idea to the transportation and logistics is going to be very, , very strong there.