@Miles StanleyI agree with @Brent Coombs the idea of BRRRR is to get most of your Cash back to start a new purchase.The goal in BRRRR is to purchase distressed properties at a discount, force appreciation (rehab) and use as little of your own cash in the process. 

Look for properties that are distressed and need work, if you buy at a discount and fix it up you should be able to cashflow just fine!

Hi Everyone,My question is, what is the best way to go about finding distressed multifamily deals?  

I believe that I can do 30% cash on my own if I find a distressed property.

Looks like I would have to find a distressed property to be able to get any value.

Sell Off Market Properties (“Distressed” to “Turnkey Rentals w/ PM)My real passion is working with other investors who are looking to grow their real estate portfolio.

Bought and rented foreclosed properties in the past, but now focused on buying, upgrading/renovating, then selling distressed properties in Central NJ.  

I'm looking for distressed property deals.

You and me both that NYC has become a no investor zone unless you have $500k to play with.If you have your team ready and that amount of capital on stand by, NYC neighbors NJ has many properties to start with.I just purchase a property in Newark for under $40k 2 family distress condition.

I know of a few distressed complexes that seem to be right up your alley.