I’m pre approved or have a line of credit in place.  

@Allen Zhu-  thanks ..Try finding and working with a single agent for each sperate area you are considering ....if you are needing to use financing - get pre-approved before you begin looking - good luck

@Bryan Melendez you're just one of thousands of investors that:1) Were chasing Class A rentals from 2012-2020, before their values exceeded their pre Great Recession highs and they wouldbnt casflow at purchase anymore.2) That started chasing Class B rentals in 2020-2022 because of #1 above.3) Started chasing Class C rentals in 2022 when Class B rental prices AND higher mortgage rates also got too high to cashflow at purchase.4) Are now chasing Section 8 tenants as the cure-all for Class C tenant performance issues, so their Class C properties ACTUALLY cashflow.

2- are there specific markets to look for if one is looking to get into a pre-boom market?

The CO check is something my partners and I do as a pre-req on NYC properties and for sure will be something I'll be doing for anything outside of NYC.

I’m planning on using an FHA loan so I might as well go ahead and talk to a few lenders to start getting pre-approvals. 

The price seems slightly high given the pre rehab comp you mentioned.

I got pre approved for DSCR From 2 different lenders but they're both mid 7's in interest.

The ground floor is occupied by a commercial restaurant, and the upper floor is designated as SRO (Single Room Occupancy) under a pre-existing non-conforming use.

Set up Zillow alerts for all small multifamily that "sell" (when properties transfer ownership landlords will be more open to talking) Network with small multifamily relators about buildings that are under renovations and will have multiple units coming up that need to be filled (problem) where you can "pre-lease" the unit and pay the landlord the 1st day it's available (solution) Look up commercial landlords that own strip malls and see if they have any residential properties.