Now, for the part I am NOT as sure about:My question is, can I maximize my profit by buying subject to the liens and negotiating them down or potentially having them wiped out? 

You're right about a lack of multi-families in the area.

I assume you mean some sort of cutoff time for excessive noise (loud partying, lawnmowers on Sunday mornings, etc), not an ACTUAL curfew, right?  

Utilize FHA203k for distressed (bargain) Multis - so you're borrowing the rehab cost too!

Through the forums, videos and education tools on the site I have been able to determine what the expenses are.

Now you now that you can get the loan and you should have an idea of how long it will take to get that loan to fund and you can find someone who does Bridge Loans this is generally a private party that charges a flat rate for a short term loan.  

I'm a new investor interested in B&H in the greater Cincinnati area. I'm curious to find out what folks expect as a reasonable cap rate here. From research, I'm seeing around 9-12%. Is this consistent with your ex...

Bigger pockets, forums, books, podcasts, and videos.

Enough reading and educating myself through books and videos.

Should I stick to a few small multi-family units to start, or should I go for something a little bigger.