Buying foreclosures in cash

[Karen Malecki]

I want to buy a foreclosure in cash, renovate it and then get a conventional mortgage on it. Here are my questions:

What, if any money, do you save on closing costs when buying in cash?

How long after the property is renovated can you apply for a conventional mortgage?

Do you have to get an investment property mortgage (ideally its a two family and will be a rental)

Any info anyone can give me is much appreciated!!

Thank you!!

Karen