There are a few that I can purchase with cash and if priced right the numbers make sense for me.I have read some of the general thoughts and pro's and con's of condo investing.

While the cash flow seems ok, i'm worried when it comes time to sell, it wouldn't make sense because if banks won't lend on it, then you loose a HUGE buyer pool. 

Once that is done and you understand the value and equity situation, you can pursue the acquisition strategy which makes the most sense. 

After listening to the podcast and reading as many books as I can get my hands on, I'm taking Brandon and Josh's advice (which is always awesome coming from them) to analyze deals in my area to get a sense of the market and what constitutes as a great deal. 

I am deliberating two possible scenarios for myself in the future to continue down the path of working for my self and family as well as investing.

Scenario:

80k-100k cash on hand not in a rush

Option 1 potentially...

Events like that rock your sense of security even though they have a very low likelihood of reoccurring.You might want to ask the police their thoughts on your best course of action and/or responsibility.We've had garbage like that while occupied by the loser tenant, but not after. 

Pro-rent control people seem to lack an understanding of basic common sense.  

Makes sense. 

If you're not interested in being involved with any of the problems it may make sense for you to invest your money in a fund.

I wasn't even aware of the standard form, but that makes sense.