We're at the point where we're going to buy an appartment in Dubai. 

Most likely trying to find a sucker to buy this and take over the costly legal battle they are entailed in.So next time someone is like "yeah just get a deed in lieu at closing", think twice about that.Actually, I use the deed in lieu.  

But buying without any inspection is rare.

Multifamily is incredibly complex and if you don't understand the metrics or calculations behind it, you're going to get burned. if you're just plugging numbers in until it "goes green", you are either going to miss out on deals or buy something you shouldn't. 

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress). 

Most who get tripped up are those buying the smaller multi-families that don't possess the correct use permit/historical rental license activity. 

I have a lender that will do cash out refinances even if no rehab was done on the property, using the higher appraised value the day after you buy a house.

So, if you buy an older home it's typically much cheaper, since you're not paying much for the structure. 

Quote from @John Friendas: There's a house I'm considering buying with a business partner as an investment rental.

Quote from @Adam Sieg: I’ve used all but the only company I continue to buy through is R2R.