Rental property question

[Valerie Phipps]

I've analyzed a couple properties and the cash on return values are favorable (roughly 10%). Both properties require no repairs to make the houses ready for a renter.  However, I'm concerned that I will deplete my cash, fast, if I'm putting a down payment of 10 - 20% on these properties for a traditional 30-year mortgage. On paper, I think these look like they are good deals but I'm concerned that my cash flow is going to dry up quickly and prefer me from making future investments. Am I analyzing these properties incorrectly - are they not good deals? Are there other financing options out there that would preserve my cash flow?