Been personally looking at 4 units and under 12% keeps me on the sidelines....lots of single digit stuff sitting around cuz I get 30% on sfr, even seen them in Wickliffe.

The area, unless you have a large presence is not profitable mostly because its location being so far North and higher vacancy. 9% of $0 is not very profitable for a PM company. 

Anna, since this is your first one:Once the paperwork is signed and you know you are getting it, go over there fairly frequently and let your presence be noted.You don't do any work or repairs until you close escrow, but I would keep the yard mowed and the weeds down.

Some counties have this online, some require you to go down to the courthouse and dig it out.

War zones and buildings that are 100+ years old have very high risk and you can find them at double digit cap rates.

Then in the presence of both of them, negotiate the terms of sale (transfer) so there's no accusations at some point down the road that you took advantage of the old fellow in some way.

Glad to see that we have a good Iowa presence on BP!  

. , thanks for the encouragement; I'm sure you're right considering you are taking on something far more management intensive remotely.Joel Owens - I've been seeing so little in the way of inventory for multi-family (at least in the areas that I would be comfortable with), and the cap rates have been dwindling down to single digits.

Those bandit signs and yellow letter will work, but not effective as having that online presence.

Stay active and people will notice your presence and you'll get more clients :)