P.S. also reach out to experienced real estate agents that cater to buy and hold investors and let them know of your intentions and availability.

I'd save yourself from the headaches and just buy it with a DSCR loan.

In 2008 a friend of mine spend $300,000 to buy 100 houses in Detroit.  

If you want something more passive or hands off then there are turnkey options as well where you can get cash flow but will be buying more at market value.

I buy and sell real estate notes.

Quote from @Robert Medina:  I’m trying to figure out how I can pay myself and buy another property. ...

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

Buy in a market not too far away, 30 to 1 hr from a decent city center where values are reasonable and a city push out with help your rent and appreciation. 

Are you looking to buy a duplex for your house hack?

I can't buy gas with a percentage.