Meaning they fulfill the lease and give proper notice before moving.

We have been buy and hold investors for 10 years but have never dealt with this before so have a few questions.1) We currently have other tenants in place with a lease, what are the rules for notice to vacate for them?

@Brian Pulaski  in our markets that are not attorney closing states its simply not common to engage attornies in these issues.. 

Hey Arturo,Some usual pros; Can be below market value, Can be move in ready, Some usual cons; May need tons of rehab work, Might be bid up to above market value, Might be a common foreclosure area.These are a few.

I've noticed that the multi family properties I offer on are getting asking price and more and I can't figure out how people are making the numbers?! 

That is a very common and honestly valid question.

I didn't notice a difference at all when I went over 4

So if all the systems that commonly breaks in a rental are brand new, then the age of the structure itself may not be as important.

Some servicers in 1st position may still allow a deed in lieu with subordinate liens  but it's not as common. 

Thomas S (can’t tag you on the phone)This is not correct, although apparently becoming a more common misconception.