Buying A class properties with no/low cash flow

[Sid Yanamala]

I have been trying to find an answer to this situation for very long time and finally thought this is the best place to get answers. 

          I am from Charlotte NC and in my and couple of near by communities there are lot of properties on sale and I know they are very good properties. But the only issue with them is they do not work for buy and hold strategy and they produce no or very low cash flow if you analyze them with all the expenses.  

           All these homes were built between 2005 to 2007 time frame. I really would like to buy these properties as they are near to where I am staying and the schools also very good. Market is too hot now and prices are like more than $100 per square feet some times near $150. 

          Just wondering what kind of strategy will be good for investors considering these facts? I know just do not buy these homes and find better homes else where is nice strategy. But would really like to know what you will do if you are in this situation.