Buying Cash, things to do before submitting serious offer.

[Michael Weis]

When buying a distressed property for cash, what are some things you absolutely want to do prior to making a serious offer? Is the inspection necessary or would you be better off using the money you would give a licensed inspector to your GC to do a solid walk through with you? Is the pre renovation appraisal necessary? What things no kidding need to be done and what can wait until after renovations to either A) sell for profit B) rent for cash flow C) refinance to purchase next property?