FHA appraisals have strict inspection requirements.

Am I strictly stuck to loans or do I have to grit my teeth and save until the sun turns grey?

My investor bought a Mixed Use building in Chicago 2 years ago at a 6.7% Cap- Cap rates in area for strictly multi family are in the low 6'sWhat is the argument that the current Cap rate of 6.5-7.25% should be used on the building vs a higher rate?

Also strict rules on shower times and bathroom usage would be put in place along with a shower log to reserve shower times. 

Investors who buy foreclosed properties at sheriff sale auctions are the only ones I know that routinely buy properties without inspection. 

@Charles MitchellI think I’m getting it...So strictly from a theoretical standpoint (ie not real numbers/rates)...If I put 10k down on a 100k house I own 10% of that house.

Rate is high and conditions are very strict, but still, it is totally possible.Thanks again for the motivation @Dan Maciejewski !

VA loans have strict condition requirements.

You got some part of commercial loan right, with 5+ units, some commercial lenders will not be as strict on credit or W2.

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (but other things you may not foresee as being likely).