Unless this is a situation where you are turning the property around significantly, I'd only use the owner's current numbers to structure your offer.Some experienced buyers are paying higher prices because they know they'll be able to come in and execute their plan properly. 

If you have any tips resources or even deals on getting started please keep me in mind.  

However providing that you approach it right.. using proper strategies such as described by Jeff... then you will be able to gather that money... 

I also heard there are some free resources for getting proof of funds sounds too good to be true.

You mentioned you're in a suburb, but in the city proper once a multifamily has lost its rights (usually due to vacancy) it is nigh impossible to get them back. 

@Elvis Vasquez As long as you have the proper architectural drawings and plans and submit the permit application properly there shouldn't be too much of an issue.

Hey all,

I’ve been analyzing and learning for about a year. I have my funding and preapproval letter. I’m ready to buy a small multi-unit or single family home but I need a investor friendly realtor and lender. Does...

Proper techniques and caution needs to be applied to this specific method.  

I've found this to properly reset my expectations in the past.  

In addition to what the others have said, the local RHA meetings are a good resource for making connections.