All you need for cash Purchases is a "proof of funds" letter from your bank. you can get this by calling the bank in which you have your "cash" funds. Have them write a letter with the address you want to purchase and the amount you want to verify as "cash funding". Once you have that letter you can submit with your offer to HUD
In our area You could by 2 or more depending on how much work your willing to do to the property to increase it's value. We have a strong market for rentals here so investing in homes with the right realtor helping you could result in instant cash flow.Ps For those of you who are unaware of Realtor fees. Fees are only charged when a Realtor is hired to market & sale your home.