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

@Yejin Mun, I would say it depends on your market. 1.

A marketing campaign can help you find sellers who are in trouble and need to get rid of their house right away.

I have analyzed a few deals in the current market, but I have not been able to find a single one that will produce a decent cashflow. 

The delinquent tax contract offered the seller can be paid of at 1k pr/mth for the next 5 years.

It will still be a period of time before rates start to come down further and it will take months before it is felt on the for sale market.

I think the AirBnB plan is very interesting and while I don't know Warren's market specifically, I will say that I could see the uniqueness turning some eyes to it.

I never would have thought prices would increase as much as they have, but I'm happy I bought when I did even if not all of them cash flowed.I also have properties in two very different markets. 

I would meet people in your market in person, look up agents that are doing a lot of deals, I would go to meetups, and I would be networking in your market like a madman to get people that you can do a deal with! 

However if this is an appreciating market, although your monthly cash flow might be neutral or negative, you may over time actually have what we consider phantom cash flow, which is gained through appreciation and tax benefits. in most cases, if you need true “cash flow” use the simple one percent rule.