I've been pulling averages from craigslist and rentometer for the areas I am looking at, and it looks like renovated 3/1's or 3/1.5's provide the best opportunity for higher rents without much additional acquisition costs. 

Hope my fellow BP'ers can help, as I am having some issues. 1) given the property being sold as-is and after pulling OPRA report from the city it seems the property has several opened violations/penalties2) I tried speak to the city building department about how I can resolve these violation: " illegal basement apartment" and "no permits for additional unit built in the back of the house" - fines are in hundreds of thousands and have been outstanding for couple of yearsCan you please advise if anyone know anyone who can assist with getting these questions resolved ? 

I pulled up, walked around the house and peeked threw the windows.

Since you seem to be trying to avoid attorneys I would honestly just go pull one off google and change wording to fit your needs.

You won't be able to pull the necessary permits unless the zoning is compliant with the current code.

It does appear to only pull REO property, not pre-foreclosure. 

I just dont know the pros and cons, after pulling the cash out of buying a property fully with cash and then refinancing within 6 month repeat repeat aka 'BRRR method'.

Should I consider pulling a loan out on it for down payment on my first multifamily or would the cost to do that outweigh the advantage of getting started?

I'm hoping (without any real data or precedence to back it up) that it will do good things for Woodlawn, hence my eagerness to pull the trigger on the building I'm looking at.  

(Google FINRA financially fragile renters) showing most can't come up with a couple of grand in thirty days(or some metric like that)..On the personal manager side, for example, have you noted how renters may have trouble with simple tasks a homeowner completes regularly, be it pulling out a trash or recycling bin in the morning, sweeping a porch, or doing something as simple as buying and changing a light bulb (had some of those)..what are the odds they can save monthly for the downpayment, study the homebuying process, and take care of the place.