Mainly the closing agents wont close on them, so you have to do some kind of fraud to get it done. 

8% and 1 point, I wont go any higher than that for private investors.

The landlord suffered two heart attacks, and hasn't been able to work himself. 

Additionally you wont see a lot of advantages to negotiating with condo sellers if you have cash since they typically arent in a pinch to sell and the unit doesnt have the risk of failing FHA appraisal. 

I wont be able to give it to my heirs with steppes up depreciation while I am alive, I think.

I heard people saying you wont get approved for loans because I need experience.

She will take it but will also say no interest or offers in 2 weeks we have to lower price.. and if they wont she drops the listing.. listings cost money if they are unsalable at a price point no reason to have them.. 

I wont have to make any payments. 

So theres alot of upside and equity to be had, but if appraisers are just going by comps and physical condition (just as they would have with a 1-4 unit) then i wont increase value by cash flow improvements, ill only gain equity by replacing the windows and new paint, which i plan to do.

So anyone reading this and of course there wont be many since its innocent people that get taken and they are not on BP .