The sky’s the limit, however, depending on the sophistication and the amount of due diligence help you request. 

On an annual basis, the administration is mostly meeting minutes, resolutions, and annual filing of your 990, most of which can be outsourced depending on your budget.

@Vivian Huang  Town or beach it depends whether you're buying for investment purposes or for yourself or both.I'm buying mostly for investment purposes.

And if you only talking $1-200k it is not a massive initial reduction depending on their basis.

If you are thinking out of state, it really depends.

Depending on who you're targeting to rent your MTR, each website has it's benefits.

And this does not include the real world issues, namely are you even allowed to convert this property to a four-unit and taking a single family to 4 unit is very likely going to cost more than $110k (but this depends on the actual layout and work scope).

If they are able to remove the term it will be dependent on the loan underwriting requirements, not because they want to keep you as a banking customer.

Depending on your state you may or may not be allowed to accept a partial payment during the process.

As for cash or not I think it depends on rates, your level of risk tolerance, and what the opportunity costs is for that money.