In Cleveland, OH you can buy properties that go way over the 1% rule and generate cash flow day 1. 

@Malieka HenryMid-term rentals (MTRs) have generated a lot of interest lately.

Here is what you NEED to become succesful:You need to know how to generate motivated seller leads...

One of the more creative ideas I have come across that I am going to be implementing is splitting cost of advertising/lead generation with realtor partners. 

Do you have a current need for that cash flow generated from the tax savings?

When using a 1031 exchange, the replacement property must be used for investment or business purposes, so even if it doesn’t generate income immediately, it’s important to show that you intend to rent it out.

Working with our Rockstar agent, Bill Beck, we identified an excellent lakeside investment property near Silver Dollar City and other key Branson attractions that should (eventually) generate a 50% COC return (we have a lot of learning to do - so I'm not banking on that high of a return in the first few years).

A couple of other sources that could generate flips are expired, withdrawn and canceled listings. 

Into yourself, learn a skill and use that to increase your income & generate more cash to really invest.

We use a lease generated on Avail.co for California and add in specific clauses for the rooms