Usually, expenses are estimated at 50% of the income but the financials might show a lower percentage.

He finds heirs usually are out of state, far away, and often uninterested to take over, so often, he buys at a good price.Now, this is a long game, your involved with the property for long periods, unlike a flip, where you come in, you find a buyer, you're gone.

Listed price of 119k and has been on the MLS for over 200 days. 5- one br one bath units rents for 350(Usually don’t like 1 br, but in this small town I think it might be better for filling)1- three br 1.5 bath unit rents for 750All units separately meteredAll units are currently filled with everyone on month to month lease and one unit has a live in maintenance employee.Taxes are approximately 2300/yr according to the accessor.Any advice/concerns would be greatly appreciated!

The only thing I can add is that, in my experience, churches are usually looking for bargain prices on everything.

I usually go through and search by name, specifically last name.

The situations where land and/or vacant buildings were owned prior to 2018 are usually the most complicated and typically involve the a little more tax risk application of the OZ rules.

You mentioned you're in a suburb, but in the city proper once a multifamily has lost its rights (usually due to vacancy) it is nigh impossible to get them back. 

See now why understanding of SEO is the key to success, without following the "usual" rules?

We have a moderate amount of risk- we usually have 20% into our properties per lender requirements, but then we update and take out a HELOC or refinance in order to get our money back (and then some).

They usually sell all their notes to Fannie and Freddie.