With Rough estimates the property should be cash flow positive and so I'm going to take a look.  

Try looking into Medford, might be able to snag a multi unit with positive cash flow..great tenant pool

Currently I am seriously looking in Bakersfield area and down south where I may have a better chance of having positive cash flow without putting down 50%. 

I live in Atlanta and am only starting my process, but I have heard positive things about Birmingham and think it could be a good place to start.

I understand this will lower my credit score and as multiple lenders each get my credit score/report, I am concerned that it will heavily impact my credit score negatively.Are there strategies that you recommend to workaround this or is there a way to do this effectively without heavily impacting your credit score?

Although I don't see a real impact here in Portland were we build new homes and or in Charleston.. home owners are still buying not sure on the renter side of things though.. 

I am in a seller's market, I am trying to figure out how to correct my position. 

I'm in a position to buy, and plan to make a move in the next couple months.

Apparently most HMLs won't offer financing if you're not in first position.

I had been dabbling with BP for a while then got into a position where it was time to move out my parents place.