Those are what hooked me originally and I have analyzed hundreds of properties since. a 4 unit would probably require a lower acquisition cost than a 5-6 unit due to residential vs commercial loan requirements, but there are some of both available depending on where exactly you are looking to invest.

Value 1.3 MillionBack of the envelope math I would assume all expenses to be around 40%-60% depending on where you are and reasonable condition of the properties.

Depending on if any review is open with the servicer currently and history of the account, a postponement may still be possible. 

This depends a little bit on whether the trash is handled by the city or private contractors, and also whether the custom in that city is to keep the trash cans "hidden" when not in use (like, in the backyard, or in the garage), but: if you can't see any trash cans around the side of the house or at the corner of the garage, or in the driveway on trash day, whereas the neighbors' houses do have trash cans in those locations, maybe nobody is living there. 

Depending on the value of the property & your credit score, there are lenders that will allow for you to keep the property (or transfer it at closing) in an LLC. 

Depending on where you look, you should be able to find a 4-plex for less than 1 million.

A general contractor for your first deal will depend on the state of the asset; however, to be on the safe side, buy a MFH that is somewhat stable. 

I think it definitely depends on the market. 

Good Morning:It depends on the laws of your state, but typically you do not need to record the purchase agreement between the buyer and the seller. 

@William Walsh Regardless of the answer to my question, an appraisal may be prudent depending on your client's facts and circumstances.