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.

Use private money lenders and choose a conservative market.

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. 

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

It varies a lot depending on install method, regional area, heck even a specific properties weather exposure. 

You'll most likely find your staffing costs to be in the neighborhood of $1,200 to $1,900 per unit per year, depending on property size, class, and market. 

As Pari said, you can learn notes and earn more than that, or if you want mailbox money and do no work, JV with a note investor and you can get 12%+ and your money is not tied up for years but on average 12-18 months (or less) depending on the deal. 

If there were other issues though, be aware that they could choose to enforce this minimum at any timeMore recently, the city has created a rental database with contact information of all active rentals in the city that law enforcement and city officials have access to.

@Mary Lopez It definitely depends on your scenario and the details.

But that depends on the level of rehab, price point and so on.