That being said, we would need to know the offer price on the property to evaluate the surface before digging deeper into financing options, assuming primary the analysis makes sense.

How would I evaluate a property of such?

They'll evaluate all potential tenant/buyers first.

Call them and inquire if they in fact will be the listing agent, if they have performed the BPO yet, and when they estimate they will place it on the MLS.If they are the list agent, now you have one of your answers.Prior to caling them, pleae make sure you complete your due diligence and evaluate what the current market value of the home is in its existing condition.

Then, have them re-evaluate your budget by submitting a revision and ask them to adjust their numbers.Good Luck!

Obviously a stable job history is important too, but what else do you consider and where do you draw the line when evaluating potential buyers?

How do you exactly go about when evaluating a deal on a fourplex?

Our general method for evaluating properties is to look at the monthly cash flow (clearly we want this in the positive).  

This might not be the usual "success" post in this forum category, but to me it belongs here as I can say I had a successful week as the first time evaluating an out-of-state investing market. 

The money coming in from one unit will help out quite a bit... really need to evaluate this situation.