Those are buyers not renters unless there is some other circumstance.I think you are right about supply....apartment construction is just about to come to a halt and unless interest rates drop in 1/2 probably won't see that pickup for a while. 

According to the Texas A&M Real Estate Center, we find a balanced real estate market at around 6.5 months of inventory.

Generally I'm a fan of hold until you die but in this case you are earning low cash flow on a large amount of equity.

Quote from @Daniel Tanasa: Another option is to get a small cash out refinance from the house you plan on fixing up, if is in financeable condition, and use that to fix it up, while still cash flowing.

Quote from @Jim Rice: Would like to connect with Mortgage Note Investors/Buyers/Sellers of "Paper" (1st/2nd/PL/NPL) in SE USA (primarily AL/MS/GA/TN & Panhandle of FL).

I thankful for finding this app through a book I have been reading.But I would like to inquire in regard to introducing myself both to sellers and cash buyers.

I am in Florida and we have a strong STR market and most of my buyers bought at high rates and using AirDNA we were pretty spot on for the numbers and we were successful in being profitable.  

in cash flow would cut it for me. i'd want enough to cover the mtg, but also R&M and a little for vacancy. if i can't do that plus have a little actual "cash flow" left over.... i'm still here :) if that's any indication. 

I’d buy as many cash flowing SFR with 20% down as you can.

Use a buyer's agent that knows the market, contracts, negotiations, etc.If you really want to learn about investing, get a job in property management.