My thoughts were to do a contract for deed and a quit claim deed, but I guess it doesn't make too much sense since I can't file both. 

Sorry Matt, but not quite sure what you are asking?  

You do not need to file a notice to quit, just an eviction.

If I stuck all my cash in a shoebox I could see it getting quite large and then realizing "oh crap, what do I do with this?".

We currently live in Chicago, but my wife grew up just outside of Cleveland so looking to invest in Cleveland.I had been looking in Lakewood, but it appears that house prices have increased significantly and that taxes are quite high.

Texas is a non-disclosure state for the sale price, but it appears appraisal district always ended up finding out about the sales price (definitely for residential. not quite sure about commercial ones)Thanks in advance!

I have been studying tax liens and deeds for quite a while and am looking to see whether or not it's a good idea. 

But yes, too much leverage can result in zero/negative equity quite easily. 

While I do underwrite for CRE quite often, since I work in SBA lending, one of their requirements is only owner-occupied business.

They also will be invited out to my place to shoot guns, eat meat and drink beer with my friends.