Is anyone familiar with a good management company specializing in 2-4 units?

@Eric - It would be ideal if I could get inspected and pass; however assuming the worst case scenario I'm guessing it has been renovated with minor code violations, which is why the listed price is slightly below the comps.

Dave: if you are a bonafide tenant (not a relative of the LL or one of the owners or someone with a special arrangement with the LL) your tenancy and your lease are protected by the Tenants in Foreclosure Act fro 2009 (that runs through 12/2014).

Upcoming special assessments for a roof that needs to be replaced or other capital improvement can kill your deal and once you're in, you're stuck with the bill if you don't negotiate the seller to pay it.And last but not least, if the building/association drops to less than 70% owner occupied units, forget about getting a loan in the development until the percentage goes back over 70%, which can kill your exit strategy.I don't mean to rain on anyone's parade, just be careful out there!

The JV will be in a new special purpose entity anyway.

I have already started to research my target areas and have a few zip codes in my sights.

I already have a google phone and special email set up.

Do as much due diligence (including general inspection, search for open permits, search for code violations and code liens), and gather repair estimates on the property as early as possible in the inspection period, then use the "not readily apparent" items as your way out of a contract if the deal turns out to be no good.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

Here you will meet wholesalers who provide deals and rehabbers.You might consider Niche or Specialized Housing like student housing.