As the others have said, F&F’s are for the quicker pay day, whereas B&H is long term — think ‘planting seeds.’With the B&H strategy, once you get it cash flowing, you’ll have a steady stream of income on a hopefully appreciating asset.

Start with flips to build your seed money. 

Your best bet is to seal up & repair everything you can, keep vegetation away from the building, make sure there's no food around (like pet food or bird seed) & that the tenant keeps their place clean & food-free.

I'm having coffee....I keep forgetting that on BP, "creative financing" means using 50+ year old strategies, or asking where the seeds are to a money tree.So, you're just going to call up Fred off Facebook and see if he wouldn't mind writing a check and giving you a 30 year loan!

But the book planted a seed in my mind that remained there over the years, and when the time came, it sprouted.Fast forward 7 or 8 years.

A good, experienced local property manager can have these tenants waiting (pre-screened and all) before the 30-45 days of rehab are over.c) Take out a non-recourse loan (takes approx. 2 weeks to 2 months), get 40 to 50% of your original seed money out.d) Reinvest it (like above) via your Roth IRA into the next project (alone or with partner).

Basically I don't want to sink too much of my own personal reserves to seed this rental property but I want the mortgage to be manageable for myself until I get a tenant.

It would be great from a real estate perspective in my opinion because it would dramatically reduce the seed capital required to start investing in these expensive cities.What are your thoughts?

Not the answer you want to hear, but get a job and save up some seed capital. 

Both the timing, and "whose cash", are the same events.First, you must flip your current cash (seed money), and reinvest all profits until your "seed money" has at least doubled.Second, continue to flip your now larger seed money.