Another great option is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), where you buy a fixer-upper, renovate it, rent it out, and refinance to pull your cash back for the next deal, and this is a good route because most private lenders can go higher LTV than on a rental loan! 

I purchased both as a package and for the next six years enjoyed great cash flow as I paid the tax on the house lot annually at about half of what it should have been and neglected to pay anything on the tennis court lot.  

@Paul Whitehurst Without equity or cash it is very hard to scale.

If you want to sell this property, you need to let someone inspect it at least once and the discount for due diligence needs to be worth it. 

Purchase price: $645,000 Cash invested: $516,000 80% cash purchase.2,437 sq ft Duplex, with 3b 2b for the front unit (1331), 4b 2b for the back unit (1333).   

My wife and I started managing more properties for others as word of mouth recommendations started and we started to use the management and arbitrage cash flow to acquire our own properties and fund the BRRRs we were working on.  

They property manage and you get cash flow..Any one heard of them, before I incest $15K with them, Below is thier websitehttps://sharecommunitydevelopmentcorp.com/

Cash for keys will be my first option.

If you're insuring a home to replacement cost, insurance companies don't care about appraisals or what the home is worth.  

Well I just brought them a portfolio for $3.4 million worth $6.5 million and now they don’t do this kind of a deal.