Obtaining an Interest Only Mortgage

[Chris Wunder]

I am going to do my best to make sure this is not long winded.  I have bought and sold 8 homes in the past 8 years (flip properties) and have been fortunate to make a decent return on every property with the exception of one (we relocated from KC to NJ and the property was going to be our next "home") and currently operate one "expensive" rental in Kansas City on a Lease Purchase.  We had hoped to start investing in real estate in NJ however the cash flow is substanially lower due to high taxes and are looking to purchase single family and multi-family homes in Kansas City.  

Right now I have about ~$80k + $40k (in my IRA that I may deploy) to start buying more homes in Kansas City, but would like to identify interest only lenders so I can cash flow the properties from day 1. I have been reading "The Advanced Guide to Real Estate" and it seems that short of using OPM this may be the best route to start off. I own a recruiting company and average ~$180k-$300k annually and my wife (W2) will bring in ~$160k+ this year.

We have good credit (700+) and want to find a strong partner to get into deals with or find someone that will offer us a interest only mortgage.  

Any recommendations?