I would say it's a high risk / high reward play.

And definitely read some of the many BP articles about running your numbers, and start playing with the BP calculators!

You don't need inspections or appraisals with cash... and there's no chance of the loan falling through for something on the buyers side.When you start going the condo route, in addition to what you said owner occupancy can also play a part in needing cash.

Don't get me wrong, it gets you in the game, but this would be a lot of money tied up until you refinance and even so, it's not a very good ROI. 

They are all optional to a cash buyer, lenders require Phase 1.Gotta pay to play in commercial space...

@James Fonteno You are thinking about a stabilized multifamily which is classified as a yield play.

I think of it like  trading paper stocks game. 

Maybe laziness is a poor choice of words, the industry is more of a marketing game than a true service business.

Hi @Chris Mason narrowing down an strategy is exactly what I'm trying to do that's why I need to gain more knowledge about this subject, I'm a very analytical person and just like playing chess I like to analyze all the scenarios, always thinking 1,2,3,4,5 steps ahead then set up all my pieces  in place and then go for the checkmate (In this case landing a good deal, lowering my risks and maximizing the profit or cash on cash ROI). 

Morris Invest is a scam and they buy properties in D class areas and then try to play them off as if they are in great areas with awesome rents.