All Cash / No Inspection Period Multi-Family Offer?

[Eric Percival]

Hi,

I was researching a real estate company that posted an intern job as a Commercial Real Estate Acquisition trainee. Upon doing research on the company's website they have posted their most recent deals (1M-3M deals) added value properties. and under each property they have the details that it was acquire all cash with no inspection period and the name of the listing broker.

What I was left wondering was under what circumstances will an investor offer all cash no inspection on multiple multifamily with some form of financing (private money/hard money) and avoid the risk of the financing falling apart during the closing process?

If there's no inspection to get the books, how do they know the true cap rate? or are they basing the offer on each individual unit as it was vacant.

The job of the intern is to make multiple offers to brokers & upon closing interns gets paid 15k bonus while also making 15hr

Just trying to wrap my head around this as I would like to know how multifamily deals & offers are structured