Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.

Use FRCP 26 to construct your argument and give citations where appropriate.

Quote from @David Sam: Hi, I bought my first investment property ( new construction  SFM) few months back.

It's another form of DIY/ sweat equity, just as folks learn basic construction/ home repair skills to save thousands.

Most of the investors I talk with have a hard time finding deals that work on the market.The investors that I work with are finding that New Construction is a good option.  

Unfortunately, more mobile home parks are redeveloped into a higher-and-better use every year than are newly constructed.

They will not finance new construction correct? 

There has been a ton of new construction for housing the past 4 years and that’s why vacancy rates are 10-12% and rental rates have dropped the past couple of years. 

Could be less on newer construction but you’ll pay more for the property.  

Keep your day job.Fortunately, this is my 2nd business and my primary business is small construction company.