Do you need cash to get a good deal on a flip?

[Brock Wiberg]

I am hoping a few people will weigh in on this question as I haven't found much in my forum searches on this trade off. I am thinking about selling my primary res and purchasing a distressed property to do a live-in flip over a two year period, rinse, and repeat. Am I going to have to bring cash to the negotiating table in order to find a great deal?

Seems like all the motivated seller marketing strategies I see center around closing fast with cash. Is an FHA 203(k) approach going to eliminate the best prospects right out of the gate or has anyone had success with this option?