How to find cash flowing properties w/ only 5% Down?

[Rachel Whiteman]

Hello everyone, I would like to purchase a single family home with only 5% down that cash flows at least $300 - $500. Range from $200k- $300k in the surrounding suburbs of houston. I am using the BP calculator, if i put down 20% all these deals cash flow. I would like to rent out to section 8 tenants. It seems the only way these properties i'm finding will make money is if i rent by the room ( i rather deal with 1 family then 3-4 different tenants). OR i could find a cheaper property in the hood for $150k- $170k.

I do not know what to do if i should lower my price range, rent by room, look out of state, wait for the market to go down. i'm already pre approved just need to find a strategy and locate the property. Any advice would be greatly appreciated.