Buying Properties Cash Blindspots?

[Mark Mason]

Hi Everyone, I'm a relatively new investor doing buy and hold. I'm conservative and heavier on cash/income and lighter on time. My current strategy is to buy 5-10 unit multiplexes for cash that are a minimum of a 1% deal. I've made two purchases so far (6 unit in Bremerton WA and a 6 unit in Tri-Cities WA area and looking in Wenatchee WA as well). I have 2 questions: 1.) When buying by cash what would be the most common things I could miss that a bank might find? Is there any due diligence beyond an inspection and title insurance that a bank does? 2.) In general what kind of discounts are sellers willing to do for a cash deal as opposed to a financed deal? Thanks in advance, -Mark