Long Distance Investing (BRRRR/Turn-key). All Cash, any thoughts?

[Masa Moromisato]

HI ROCKSTARS!!! 

 I am a newbie investor making a move on my first investment adventure. Long story short, I live in Hawaii right now and looking into acquiring rental properties in mainland where SFHs under 100k are widely available. I've been talking to some realtors and property managers in Memphis, Cleveland and Oklahoma areas. 

My obstacles are getting mortgages because I moved overseas for a year for business start up, came back and had a part-time job for a few months, then got my real estate license at the end of last year.  I am so fortunate that I have families and friends who trust me enough with their own precious money that I have private money to invest. 

I had to skip many steps in between from my new business being blocked by monopoly market, to moving across the ocean 2 more times (Okinawa-Montana-back to Hawaii), getting divorced and savings going from 6 figures to almost none. I spoke too much haha. 

Anyways

Here are my questions and concerns:

Q. How would you minimize the risk of all in cash investment in time like this? Because my concern on this is losing equity if housing market tanks.

Q. Any other funding methods you could think of if you don't have almost 2 years of steady income history in US?

Much appreciation for reading my post and sharing your bright ideas

Masa

Aloha