With limited to no cash on hand, i think its really hard to attract any attention from RE agents and no one takes us seriously.

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In my circumstances though, it seems like an attractive opportunity.

So if you were worth 2 million and bought a house 50k cash that is a 2.5% total of your portfolio value.Maybe dip your toe in the water and see how one goes first.

any price ($0-many millions is good with me). i can go find millions of dollars if the price is right. it really all comes down to price. 

I sell apartments for— I just sold an apartment for $15 million to somebody from China."

The HOA's have a million restrictions, they can change their bylaws at any time to forbid rentals, and the lack of control is not something I am not comfortable with.  

A 'transient' neighborhood or type that attracts seasonal workers or students will definitely reduce the average stay.  

This would be the best option if you're just starting out, provided you can bring enough to the table to attract someone with experience to help guide you through the first few flips. 2) I'm not sure I really understand this question.

On a $2 million purchase, that’s $100,000 to $200,000, significantly less than if you purchased it with a loan.If the deal goes bad, you don’t have to exercise the option, so your downside risk is limited to your option money, time, and improvement costs. 4.