I would make sure you can go through the property with a general contractor to identify all Rehab and future CapEx requirements.  

This gets the borrowers qualified with a live underwriter with no property identified (property tbd).

Let me know if you need help in identifying properties.  

Just make sure you have all your ducks in a row-Pre-qual letter from your lender or proof of funds for cash-Earnest money of $500 for properties under $50k, $1000 for above $50k-Identify a title company in the area that is willing to close a HUD.  

Once you identify the strategies that are best for your portfolio, then you can find 3 or 4 marketplaces that meet that criteria and drilling further to the investments you find there.If you have any other questions, just let me know.

Identify the area you want to invest in and start marketing to owners directly.

Drive your neighborhoods to identify properties that are vacant or distressed.

Where can we get the going cap rate in an area? Some areas multifamily properties are selling for 8 cap, while somewhere else may just be around a 5.... how do we know what the market cap rate is in any given market??

Drive your neighborhoods to identify properties that are vacant or distressed.  

A duplex and a vacation rental in FL would be fine.From the close of your sale you have 45 days to identify those potential purchases.