Just as in anything there are always exceptions to the rule, but by in large there are not a ton of opportunities for investors targeting condos to make great returns.  

But as you wait to deploy that capital, the return on equity (ROE) is very low.

I have a duplex in a 1031x that I would love to drop and get a 6-12 unit; but in this market there aren't any in my area that measure up to what I want for a return and values are just as likely to go down as up IMO.

I estimate as long as I have an occupancy rate of around 35-40%, I should at lease meet the same returns as the long term tenant.

They're usually just looking for a profit and loss statement, rent roll and your tax returns.

From a bank standpoint, they will have a clear picture of who owns what and has what degree of liability;  however, all of the investors will have to produce tax returns and documents to the bank to show they are credit worthy. 

Low risk and potential to make a sizeable return without using credit or very much cash makes this a very attractive way to invest in real estate .

You just plug their email info in and it sends them a link where they pay by CC and the results are returned within minutes.  

What's your cost and return on that installation alone, according to your realtor?

If I take out a mortgage, my return goes down.