Here are a few:Pros: -Reliable rent paid every month-Stable tenants that typically stay in the unit for a long time-Purchase prices are typically lower so easier barrier to entryCons:-Getting the files onboarded and processed is very tedious.  

I am owner financing it at 12% and 2 points with a balloon payment due in 12 months to a builder.I made 25k on the house and did no work to it.The land I'll make about 10k on with no work other than mowing the grass once.

The tax benefit typically way more than pays for the cost of the study 

Typically BRRRR investors use DSCR financing because of lower seasoning requirements.

Cash flow - smaller MF like these can take a few years to start seeing decent cash flow, so having positive cash flow early is a positive as it typically (not always) grows over time.3.

A typical cross collateralization may also be able to accomplish what you need, but I would not be using the 100% financing language as it indicated more risk than what you're actually looking for. 

REOs are typically bank owned properties that are on the MLS.

You are probably thinking of a typical whole life where the goal is to get as much death benefit as possible for the money.

On average, homes in the area have seen an increase of 8.18%, significantly higher than the national average, which typically ranges between 2-3%. 

This leads to another question and please excuse my lack of understanding:  The LPs are typically paid at a much better return than the banks are.