Yes Robyn - we have access to this category in Florida - and they are typically 'off-market' deals... we can narrow parameters once we get to know each other better (matching goals to available properties, and creating a strategy.)

Is there any major drawback to an FHA loan as opposed to a typical 30 yr mortgage besides a higher interest rate?

They also wanted to make sure there was enough liquidity to run the rehab, as typically you have to pay for the rehab up front, and then will get reimbursed from the HML on a "draw schedule".Welcome to BP!

Bay properties typically stagnate but do not retreat very far. 

In my area, they typically don't care, so long as you have the required down + closing costs + reserve requirements, if any?

Typically, a full-time PM (especially when you're long distance) handles everything for you from advertising, screening, and placing tenants, as well as day to day stuff such as handling repair requests, collecting rent, handling rent court/evictions.

From what I understand, sloping in the middle is typically joist deflection but a tilt in one direction could mean a foundation issue. 

For down payment, the lenders I typically work with require 15-20% for a duplex (highly recommend 20% as PMI on commercial is very high killing ROI), 20-25% for a triplex, and 25% for a fourplex.

When looking for funding how are the deals typically structured for private funding of small multifamily buy and hold properties?

This facility is unique that it is in a resort town, 100% rented with a waiting list, not typically accessed on a daily basis.