Buying Multi-Unit Foreclosures

[Mark S.]

I passed on a 4-plex that was a foreclosure recently for many reasons. Among those reasons, it was virtually impossible to find anything out about the property in terms of previous rents, repairs, etc., as it was a foreclosure.

It seems like these properties could potentially be great deals, but there are a lot of unanswered questions and that makes it difficult to pull the trigger.

I guess my question is how to approach evaluating a foreclosure differently than you might for a property where you can actually contact the owner or seller's agent for answers to common questions.

Thanks.