Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.

Positive cash flow and low interest, i assume, long term loan is an enviable position that with time will produce larger cash flow.  

Investment Info:Single-family residence hard money loan investment.

Did a DSCR loan after 6 months to pull the bulk of the cash back out.

Just because a technique for acquiring or earning money is popularized by gurus and practiced unethically by the gurus students does not mean that the technique itself is a scam, unethical, immoral, or that the participants aren’t honest.   

The best thing to do here is utilize what's called a DSCR loan.

you do not want software its too expensive - you will want to use a third party loan servicer.

if your loan is 154k  then this prop probably appraised for loan purposes at 200k or so. and that price point is usually in a decent area or street..

Classic 30 year, fixed rate loans.

Negotiate seller concessions, consider affordable markets, and focus on long-term equity growth through appreciation and loan paydown.