Outside of south Anchorage, what would you say is the next best (in terms of safety, quality of life, and cashflow) bet for a decent part of town to owner occupy in a fourplex?

If your debt service coverage ratio (measured as net income from the property divided by the loan payment) is high enough and you haven't had any sort of significant issues like a foreclosure, bankruptcy, etc in the last two years, you should be able to pre-qualify.

Reason why I'm asking, as a buyer that plans to move there, your agent is right, stick to the safety/hazard items or items that will cause you issues with your financing.

Otherwise, the board could take measures to adjust policies such as: follow village ordinance based on occupancy in hopes to minimize excessive amount of people in each unit if applicable.

Each market is different, and with different income levels success is measured differently so to level the field I want to set some criteria. 

Are there different evaluation measures for 4 units, 40 units, or 140 unit buildings?

These are desperate measures.

Hi Guys,Thought about making a post to help all those who are new Or experienced in this (me included)-Please share what due diligence steps / measures you see important to taken and you wish you had taken?

A clear floor plan with the exits and safety elements are what is needed.  

Your insurance company is going to charge you accordingly, and you need to adhere to whatever local/state regulations there are regarding pools and pool safety, and picture/document everything.