This is a question for all of my real estate experts: When I'm looking at a multi-family property that has existing renters, I know I should ask for financials, but what exactly do I need and should I ask for?

My immediate absolutely non-professional non-expert answer to your problem is it is overpriced.

I really want to become an expert at avoiding the pitfalls of trustee sales.Please, those experienced with Trustee sales, provide comments to some of the following.

So I kicked the habit - I stopped going to seminars and started to apply some of those ideas that were preached by speakers who were experts at extracting fees from me.I started to attend real estate auctions, studying the process - watching others make a lot of money - I decided to get a credit line - increase my credit card limits and started looking for properties (cheap- ugly buildings) in the neighborhood where real estate auctions were taking place - my primary goal at this time was to learn the market in the area where I wanted to control real estate - I would look at 50-60 houses (but made no offers - when agents would try to qualify me I just said "I have a small inheritance and will not need financing) - I kept a journal of the price per square foot,  comparing properties, and all comments made by sellers and agents (this helped me to find the seller dominate selling motive),  that was helpful - but I soon discovered that I was just looking for real estate in the conventional way  - I needed to do something else - so I started to look for owners of real estate who had problems (I applied Power Prospecting formulas) and at the same time studying creative real estate techniques from the old masters in the industry - became a member of the Washington Real Estate Exchange, hosted a real estate investor club and started to give mini creative financing seminars  while networking with those I wanted to emulate. 

You can just write a letter that says pursuant to section ___ of the contract of sale, I hereby terminate.... it doesn't have to be formal, just make sure that if there are notice requirements (like fedex or certified or a copy to a lawyer) that you follow those.

Dear BP Experts,I recently stumbled across the Bigger Pockets podcast and have been hooked ever since!

Our evaluations are done by independent 3rd party real estate experts in the area.

It is fairly overwhelming attempting to research RE markets online due to the sheer quantity of websites and supposed experts but I have found a good system that led me to purchasing my first investment property in Surf City, NC. 

Hey everyone,I was just thinking about this the last couple days and unable to come to my own solid answer, so decided to ask all you wonderful experts out there.  

Study the subject, quantify your equity, identify the risks, find an attorney, and look for BP experts.