You're either doing it yourself, spending a little money and hiring/managing someone else to do it, or you don't do it and let the leads rent from someone else.

The deal has to make sense and you really need to know the comps to make sure your investment is going to actually make money.

We have made money buying properety based on cash flow (lower priced) rented out for a period, then selling to an owner occupant. 

that is more a RV park. the MBH parks down here. we typically own the land, lot, and trailers. there is a reason but long story short, if i just own the lot and they dont pay the fee. i do not have the biggest teeth to push the need for my money. but if i own it all, my experience says it is a better path

Also CA requires you to be licensed to originate DSCR and Hard Money Loans (I see on your bio you service CA), and there are many other states that are starting to follow pursuit.

Quote from @Andy Sabisch: Will it help you sell more or get more money? 

@Kyle Trotman If you purchased with a hard money loan conventional lenders will require extensive seasoning to utilize the new appraised value for cash out. 

Spend a little more money than you might have been planning to, buy in a better area (i.e. not a “turn key” 100k house off the mls), and self manage.

Nate I would use a low money down owner occ 2-4 unit loan which allows the highest DTI possible.

You can't pull money out if there is no equity.