Introduction & Strategy Advice

[Travis Whitfield]

Good evening everyone - My name is Travis Whitfield and I am new to BP/RE investing and my goal is to buy my first rental property some time this year.  I have wanted to invest for a long time and I don't want to hold off too much longer.  I currently own a home in Tomball, Texas that has about 50% equity in it with a 2.85% interest rate.  I ran comps and it looks like it will cash flow really well.  My issue right now, is that with current interest rates, I am not finding any others that will cash flow.  My strategy right now is to rent out my current home and move to my next property and repeat the process.  I am hoping to put in 10-15 offers on homes at the prices that will break even and hope one hits and then I can re-finance down the line.  

My questions are as follows: 

1. Has anyone else had luck with a similar strategy in today's market?

2. Are there any pitfalls I should be on the lookout for?

3. Does anyone have a better strategy that may work in my current situation/market?

Thank you and have a nice evening.