Typically those purchasing cash aren't inspecting every home, they're walking it or having their go to GC walk it and already know what they see that may be a concern. 

Tenants should certainly take responsibility for maintaining the property and promptly informing the landlord of any maintenance concerns.

Some areas have rougher spots, but this way you're going after something that could be more stable and improving.You’re on the right track—I just wanted to share my perspective to make sure your first deal sets you up for long-term success, not stress.

Has anyone done this and can share how to go about it and their experinece ?

I'd be happy to share my resources if you're interested.

Be upfront about your goals during interviews to find a good fit.Broker's Share of Commissions:Yes, brokers generally take a portion of any commission you earn, even if it's from a property you purchase for yourself.

Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.

Does it have shared systems you have to manage or separate utilities for everyone? 

Investors Receive "Restricted Securities"Syndication investors receive restricted securities, meaning:They can’t freely sell their shares like a stock.They must hold the investment for a certain period.Additionally, you must file a Form D with the SEC within 15 days of the first sale of securities.

@Owen Rosen the links you shared pretty much only state a tenant shouldn't have to supply liability coverage to their landlord.Of course they will say this as the provider does NOT want the extra liability of covering additional parties!