Im a buy and hold only kinda guy, and I wont buy anything that i dont have equity on it.The biggest bet you are taking there is that the cash flow will remain the same, and that the market wont turn on you.

I also filter them by means of asking a few questions: 1 - Will they submit all offers, regardless of whether or not they (the agent) thinks it will win?  

Someone wins an HOA sale only to discover there is a senior lienholder who's owed more than the property is worth.  

As always protect the seller / the customer, above all the deal must be win-win.But even making a business out of taking control of RE and assigning, even this is permissable in any volume you'd like in the restrictive Ohio per the Jeff Watson interview of OH RE board members, as long as you don't do certain things and take legitimate control and risk via P&S contract with typical earnest money, (what ever, but more than $10 or $100).  

We're all making bets that one asset will outperform another and that we can beat cash as an investment.  

The Great Depression is coming again but I would bet not for another 10 years. 

This was a WIN...WIN. 

There is the risk that a smaller player like myself would have with going all in and not having the large reserves that one really should have to be in larger multis if/ when the economy tanks.There was a commercial guy that gave a very convincing scenario about buying units and how even under bad circumstances you would be ahead so the bigger players should win in the end.

Other Tenant in the property has a past doctors description of their severe allergic reaction to pets( hence why they moved into a no pets policy building). who wins?

Your best bet is to ask the Seller to pull credit or to have a specific disclosure executed granting you permission from the Borrower to pull credit.