Multi- family properties get foreclosed on just like homes. Some fantastic deals are to be had, all across the country. The owners have a thousand stories to tell: r Perhaps they were too aggressive when they bought and the num- bers didn’t really make sense. r Some tried to manage tenants themselves. r Others went into the death spiral of holding off on repairs, only to have the good tenants leave and rents drop, which resulted in delaying repairs even longer. The bottom line is the property went upside down. Now there is an opportunity to buy it at a discount and make some real money, real quickly.