Hi Joan...what is this special license you are referring to?  

Any companies you would recommend talking to?

We need to know who we are speaking to.

One thing we have looked in to is Syndications:One we came across is for a retail center that is fully leased offering the following terms:  7% preferred return11.1% IRR with a proposed 7 year exitCan anyone explain what this means?

Also, how to I get and should I get a contractor to help me out and if so, if I just call a contractor and say, "hey if I pay you to come look at this place which seems like a good deal, can you?"

@Melissa Gittens The property is in Thompsonville, which is probably the "not so great part" that you're referring to.

Due to my location, there aren’t any resources as far as a REI mentor that I can look to.

That's a way to take another slice of the rent for yourself.Why would you transition to (I assume you mean) fix and flips?

For the type of auction that the OP refers to, I would venture that there will be some specific date(s) and time(s) for a physical visit and walk through of the property.

Joe you are not understanding a key point.Investors such as yourself DO NOT typically invest in Class A properties for the reasons stated.The cash flow returns you want are not there.Larger buildings that are Class A with Multifamily mainly comprise institutional buyers,pension funds,REIT's,Insurance companies.What those companies want to do is have security OVER cash yield.So if the CAP is 4.5% going in they can eventually increase the cap through rent increases that are outpacing annual inflation rises.Through increased rents,tax offsets yield can be increased.No it's not going to be 10% etc. but all these companies are trying to to is protect the money,grow it a little,and outpace annual inflation.Hope you understand now why this is not a target for everyday investors.Many investors look for 20-150 units value add class B or C they can turn around instead.