Some traditional buy and hold RE investors have transitioned to flipping.  

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

So you may buy one property with traditional financing, one all cash for a BRRR, and one with seller financing with a lower down payment (for example).

Usually for first timers and low down buyers the underwriting is a little more simplistic than traditional buy/hold investors purely seeking yield. 

@Nathan M kiefer To mitigate taxes on a $400K W-2 bonus, maximize contributions to your 401(k) (up to $22,500 or $30,000 if 50+), HSA (up to $7,750 for families), and Traditional IRA if eligible.

Aaron - thanks for the post ...wedge area off Monroe is solid .....make sure your financing is in place and lined up  before  beginning to property shop ....traditional lender have  programs that allow as little as 15% down if the  rental propety is a  1 unit 

Short-term rentals in tourist-heavy areas can also outperform traditional rentals.

If you don't wish to (or have the time to) roll your sleeves up and do some grunt work I would just stick to traditional investing.

It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollarsThese are very non traditional loans and no two will ever be the same.

You may get a hard money lender to lend as well but you will probably have trouble getting traditional financing for acquisition or if you decide to hold on to the assets.