That generally means buying cash, doing a rehab, and refinancing.

Less leverage means that the greater cash flow can more easily cover unexpected expenses without di[ping into capital reserves or personal cash, hence less stress.  

We have decent credit, plenty of ambition, and really don't like our day jobs, but we don't have the cash to get us started.

Take for example a six plex I sold last year, that was for sale as 'cash only' due to an incomplete unit.

I have no experience with flips or BRRRs and don't want to use all my equity for low cash flow right now either.

Gives me a "cash flow" of $500.

Purchase price: $212,000 Cash invested: $46,000 Sale price: $325,000 Found a great 2013 SFR in an A class suburb that was mostly interior cosmetic.....IE smelled like cat urine or smells like money!!

It’s negative cash flowing to begin with, and you will likely have to rehab it to some degree if you put renters into it.  

My goals are to just get started with at least positive cash flow.

I was able to cash flow from the deal which helped me pay for the HELOC.