Again, i used the percentage method as a first go round.  80x12x10 = $9,600So to sum up, my GSI calculation for the deal So based on my new #s, it looks like the purchase price should be around the $400k mark, not the $650k mark based on the provide cap rate.Now reviewing the pro forma #s in a rental calculator, this deal does cash flow (assuming 20%down and financing).   

I thought about direct mail as the best method.  

Or learn how to find 1% fix to rent BRRRR deals locally with acquisition prices around $50 k to $75 k.

I'm very interested in this buying method and would love to pick someone's brain on this topic.

You lose 6 months time of cash availability (perhaps 4.5 months since it does take time to get the refinance) where you may have been able to buy 2 or 3 more properties in that same 6 month time frame using my method rather than buying with cash.With my method I pay no lending costs with my first purchase since I use loan documents already created by an attorney for another loan for which I participated. 

Are there any creative investing methods that could be utilized in this?

@Josh Braun, I like your category method.  

Similar to the BRRRR strategy, this strategy will be focusing on subsidized housing [Section 8], specifically in the 21229 zip code area. 

I've heard of the BRRR method.

You'll have the knowledge on how to do it right (BRRRR or another rinse-repeat strategy).