These can usually be reduced or eliminated by absorbing a higher interest rate or buying out in upfront 'points.'

Investment Info:Single-family residence buy & hold investment in Miami.

However, I am in escrow to buy a home, but my plan with this one is to rehab and turn it into a midterm rental as my very first buy-and-hold.

I asked what he thought I do and he indicated you buy, fix up, and rent units.  

I've heard I might need to buy with cash, which confuses me.Could this lead to issues with the closing process, such as problems with deed recording or property assessment?

C class renovations are of less quality than a B  ( The  cheap Lowes Commodes vs a decent American Standard for example) and in many Indy areas the C class homes we always a C class area and the original home was built cheaply.

Almost never the MLS.This sounds like a common story of out-of-state investors buying up class C with local third party management. 

The cash flow houses help me to hold on for the long haul, while the appreciation houses enable me to buy more houses.  

Have good credit, 2 previous lenders who will vouch for me and can buy but trying to avoid tax hit for selling liquid assets.

@Emi Augustin Do not buy a property in Cleveland without contacting Chris Barone from Northpoint Asset Management.