Help me with my business plan

[Derek Carroll]

I don't have good credit or much cash to invest. Currently have one rental property and I'm looking for more. I'm interested in accumulating properties for long term buy and hold with the main goal of equity buildup. Im comfortable if a property only makes $100 per month cash flow, potentially even comfortable with losing a few bucks each month on the right property.

That said, and with my current financial situation what type of strategy would you recommend? I'm thinking about finding seller financing properties that will offer 100% financing in return for purchase price a little above what they're asking. Obviously the rental potential has to support the payment or ill pass

What do you think of this strategy?
What other strategies should I be considering?