Hey everyone-My wife and I recently were approached by someone who offered to sell us their 4-plex in Dexter, MI. 

Finally, the last cool thing I am going to do is use my extensive knowledge of social media advertising and web design to ensure I'm in front of these distressed owners by not only getting into their mailbox but also their social feeds.

Owners who have held their properties for 25 years are approaching the deadline of the tax benefits of depreciation, meaning, they might be more willing to seller finance as they'll still take advantage of cash flow to them without being completely removed from the asset.

I'm looking at buying with cash from a personal lender then making a few improvements (running electric, water, building, pads, etc.) then approaching the bank for a construction loan and mortgage on the land and home.

Financially this is not a good investment approach as it seriously reduces your ROI.

As an investor you give up some return in exchange for that passive approach but it depends on how much time you have to commit to it.Here is what I have learned over the years. 

If it sounds like a good deal lock it up, check the appraised value first and then approach people for advice

I agree that FB ads may be a good idea and Jake nailed it with the wait and see approach.

@Quincy Miranda the approach that @Caleb Heimsoth describe is how to find the value of a multifamily. 

I recently lost a deal to another investor despite being in touch with the decision maker and having a tentative date set to tour the property.My approach this past year has been very direct to the point.