To echo Dominic, typically if you need to raise under $1mm of equity, the formation costs become overly prohibitive.  

The first year is typically good for most properties, although I've had some rough starts.

While someone buying it with a tenant is typically looking solely at the ROI numbers.Also, find an agent experienced in selling occupied rentals!

This would typically occur only if you are over extended.  

Quote from @John Teachout: Title work is typically done as part of the pre-closing paperwork.

I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.

Furnished Finder is what we use to list all of our mid-terms and don't typically have any issues finding tenants. 

Typically, this gets the subs moving at a much faster pace, as who doesn't want that Friday payday check!!!

They usually sell for a really attractive price because investment property financing is (obviously) difficult, somewhat limiting the buyer pool to owner-operator small business owners (who in turn are typically great clients, as well).  

Quote from @Eamon Conheady: I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan.