Quote from @Diyan Yap: Welcome Mark, we are both in Texas.What strategies do you know and have you found any deal yet?

As others have mentioned, you typically need some liquid capital to get a deal done even if a hard money lender was funding 100% of the deal for you. 

You can still find deals that are priced from $120-180k that do positive cash flow and hit the 1% rule.

Analyze deals, build your network, and educate yourself constantly.If you have access to unique resources (like a VA loan, FHA Loan, or 401K), use them to your advantage!

What made you interested in investing in this type of deal?

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

You have to come to the table (a future deal) with funds to get the ball rolling.

Now, you need to figure out how to find deals and pay for them.

In other words, I think we will probably have to be on the hunt for a very good deal or a very distressed property, and will not be investing in million-dollar multifamily properties... yet!

We have had to walk away from some decent deals because rates were too high to make the numbers work.