New Investor - Max Leverage and Cash Flow?

[Patrick Baker]

Bigger Pockets, I'm new to the game and would greatly appreciate some advice on what you pros would do to maximize return on cash given my resources and current situation. I'm in the DFW market with at least 120k cash to invest, great w2 income, excellent credit, etc. Looking for cash flow and would like to be able to reinvest cash to quickly reach 10 rentals. This is what I was thinking: cash offers on REO SFR, quickly take advantage of the delayed financing exception cash out refi, rehab, rent, reappraisal, cash out refi for close to 0% net cash outlay after 6 months from purchase, repeat. I'm sure there's got to be a smarter way to reach my goals even quicker. That's where I need your help to steer me in the right direction. Thanks in advance for helping a n00b. I look forward to engaging with the BP community. Cheers, Patrick