I understand for a flip they will get a percentage of the profit, but I'm not sure how they benefit from a buy and hold.

Did you form a LLC for buy-hold strategy?

A hard money loan is a type of loan used by people who want to buy houses but can't get regular loans.

@Gregory ReevesLet’s say more inventory did come on line, are there enough buyers who qualify who could even buy?

Would it put me in a stronger position to wait to buy property?

If you're looking to buy property without putting any money down, some creative ways exist.

Buy a property as soon as you can.

Generally, that puts you on the winning side.It's part of the reason I don't buy the normal BP mantra about "Appreciation Markets" vs "Cashflow Markets". 

While inventory has picked up, you can't buy what you can't afford.

However we would be "getting more house" ( access to a second back yard, tool shed, driveway, second storage unit, etc)When I look at other houses in the area, with the intrest rates as they are, I don't understand why anyone would buy multifamily and rent it out when all of these calculations would be negative cash flow.