However, for a buy and hold strategy, the initial investment is pretty high and the cap rate is low. 

Make sure that your criteria is met with your initial research so you don't waste time ie: what is the difference between the assessed value and the total input for you have property acquisition? 

My next step is to network with those in my field and see if I can generate more opportunities thank you.

But I'm willing to put in some work to validate assumptions before taking a big step, so here I am.

Thank you for the welcome and initial recommendations.

I checked the link and i wont be eligible for that program.I do check homepath as well, and look for properties that are not first look or are out of that time period.Since my initial post, i did get a chance to see a few houses..

@Matthew Charron I do hope someone takes you up on your offer.In case no one does though, I'd recommend you attend a local real estate investor group like Black Diamond REI in southern Mass. or RI Real Estate Investors Group in RI.You'd want to engage several people in conversation, particularly during the times at the beginning and end of the meetings when folks typically network, and maybe ask a few folks out to coffee.Many people look for "mentors", and that might work for you, but another approach to consider would be just to try making friends with people who are one or two steps ahead.So maybe they're not successful full-time investors (the Holy Grail of Mentor-seeking), but instead own one or two rental properties, or have done one or two successful flips, or really anything in one of the directions you want to go.I find that can be easier to achieve, and you can get a lot out of it because such folks are very familiar with the challenges you face - after all, it wasn't long ago they were at that same point themselves.

Can someone Please advise me on the steps to take to make this deal happen for them!

Then I came across wholesaling and the steps to make that work .

We took it one step further and swapped all of our multifamily to electric air handlers as well.