@Ramsey Kheshenthis is a long shot but I listed a 8 unit complex here with seller financing that you could take a look at.

Multiple LLC's have also some expense and certainly hassle associated with them. in Oregon we're charged annually and then there is more complexity with accounting plus annual taxation costs.

Non-recourse loans, at 80% LTV, 10 year fixed rate, 30 year amortization, interest only for 1-3 years with low rates are common in apartment lending for stabilized complexes $1 million and up.

However you bid also determines you effective interest rate via a complex formula many bidders do not understand.As @Dustin Haviland  mentioned, you need to know the true value of what you are bidding on, not just the tax assessed value. 

Process doesn't seem to difficult or complex to evict the tenant.

Our future REI interest is mainly in multifamily units and small apartment complexes. 

OR it could be much more complex in that some of said systems are not up to current code and need to be revised.

I'm learning about some of the complexities of having an LLC and obtaining funding.  

It was perceived as only a problem without forward thinkers considering how it could benefit the city.There are at least half a dozen upscale apartment complexes from started to recently completed.  

It adds needless complexity to simple tasks, and I believe the cost/benefit ratio is very high on the left-hand side of that equation.