Welcome welcome, I recommend joining up with some local rest estate groups to network with in person and Facebook groups for investors, buy/sell, contractors, etc. to just be in the mix and see who is out there making deals and opportunities.

You really need to rely on your PM for notification periods and any local/state rent caps.

Now that you own THAT building, at THAT location, it might be time to do the "networking fluff" associated with being a "pillar of the local community." 

Ideally it would have some ability to integrate with services and other vendors.  

That means shorter loan terms, higher qualification hurdles and floating rate or balloon components.Finding financing for multifamily properties in the 5-10 unit range typically means local banks and credit unions, or small balance commercial lenders.

Talk to people in your RE meetups or local community bc its those individuals who may have a deal that could be ideal to your buy box.

If you promise them a "rescue" and you don't get it done before the foreclosure sale they can sue you and the local authorities can investigate you.7.

Someone with a great deal of tax experience has answered your question, I'd suggest you arrange a "paid" phone engagement if you don't have anybody locally.

If possible I'd also recommend visiting the market you plan to invest in to familiarize yourself with area and connect with locals.

It can also be beneficial to join local facebook groups for investing.