However, its highly unlikely that an owner will keep a dog property, that loses money, constantly requires repairs for 37 years. 

I have some properties in mind that I think would work well (both short and long-term) but I don't have money for down payments.

Would it make sense to save up money to buy something cash, finance, wait for market to cool down, etc.

Buy houses that make money here and they’ll pay for your vacations :)

Equity: 250k2 Family 3/2 Purchased 2023 475k Currently worth 600k 7.25% Interest Cash Flow -1,100 a month ( I live in one of the these)Equity: 98k ( yes i put 20% down)55k in Stocks mostly apple/vti/qqq 5k Cash (reserved for emergency missed rent payments) in a 4.50% savings accountNo credit card debt no car loansI do have 60k in open credit cards 8k available for no interest for 15 months.I have a 50k Heloc on my 2 family unit at 8% interest 10 year interest only 10 year repaymentSo as a investor what would some of you guys suggest as my next investment move?

3 for now I have many contractors and PM in place, happy to help  Hi Bob, thanks for the reply the property management company is the one I have been struggling with finding  the most so would be super helpful if you had any strong recommendations I could vet You need contractors as well TRUST me the ones you have spoken with and think they are what you need, 99.9999% of the time just kiss your money goodby, I am not speculating. 

Is it necessary to pay that much money?

Hello,I have been reading through the Bigger Pockets Forums to hunt for your good and bad experiences with DSCR Lenders.  We are looking at a 30-year fixed for a Single Family STR , but we are open to suggestions re: ...

Maybe money is tight, maybe it is the summer and people are feeling more inspired to make the recurring Home Depot runs, or maybe people are taking more initiative to round their skills on Youtube University. 

If you absolutely need the money now and can use it for another investment, I suppose you could but wait if possible.