Did you check your local REO listings?

I've been shocked by how hard it is to deal with rent checks. 

Check your local governance for how long to retain.In California, for a written lease keep it for 4 years minimum from the date of vacancy. 

Definitely check with a local real estate attorney.

Check out the Fannie/Freddie websites for general terms, or speak with a broker/lender for more specific terms.I've underwritten 30 year am with non-Agency lending sources in the last 30 days (Banks, credit unions, etc.); if the asset is in good shape and performing, and the borrower/guarantor is strong, shouldn't be any problem finding 30am. 

Check with local area property manager to get the pluses, minuses, and rental prices to see if they are in line with your requirements. 

Let me check on this with a developer.

:I use On-site, check them out.

unless its a sherrif sale  In Washington its just one notice@David Friedman  CA there are two notices as you mentioned  in WA and OR trustee sales just ONE notice.and even sherrif sales just one notice.. that will have the sale date in it as well.What WA OR and CA investor need to check out though is buying assets that are in pre foreclosure there are specific rules regarding those and profits that can be taken from them. 

Would assume you cannot raise up to market level for existing tenants but agree you should check the ordinance/consult lawyer.