These included cash buys for flips, seller financing, and subject-to deals.

In your case, you are probably better off buying a break-even deal in Tampa then a deal with $200 cash flow OOS.

What's up everybody Me and my wife are looking to buy a house out in Suffolk.

@Sean Dillon figure out how to buy a 2-4 unit with FHA loan.Then rent at least one of the units long-term for stable cashflow.Try STR in another unit as well as the other bedrooms in the unit you live in.You may even consider living in the basement, attic or worse unit in the building to rent everything else out and max cashflow. 

Whether you are a veteran looking to buy a home or an investor seeking the right funding for your next deal, I am here so put me to work.  

@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

The offer was enough where I would have a decent margin for when things go wrong, but it was rejected.

A lot of agents don't want to have to educate someone who is broke and has dreams of financial freedom through real estate just to find out you can't buy.

It is exactly what it sounds like, buying a property that has an existing debt on it.