Dig Deep and go for it.  

You can dig in from there- the MOST red states are probably going to be the MOST landlord friendly. 

Keep digging into the space and see what's out there. 

For me this would call into question more than just the fundamentals of the deal and I would likely want a bigger slice of the pie than with a simple loan.I'd recommend digging into your hopes, goals, and ambitions with this and your future real estate deals and matching what you offer finance partners with what you yourself are hoping to achieve. 

However, she just doesn't have the time that I do (I'm a school counselor) to really dig in and start looking for local deals.  

I had no idea what I was going to do so I just hit the phone and started digging. 

In any event, at its essence its a highly factual call so I'm not sure you're going to find much on point for comparative purposes without some real digging, and then maybe not even then.If it were me I'd just make a risk assessment determination and then be prepared to defend my position on audit if I made the call to go forward with that treatment. 

I need to dedicate more time digging into the pre foreclosure space with my cold calling efforts.

I would dig deeper into both options, the tenants you get, the turnover of multi family vs single family, and your long term hold and cash flow goals.

Have no experience doing this* but may be worth digging into purchasing the home SUBJECT-TO