Running #'s just looking at properties in and out of state (I live in Las Vegas), I do not really understand how pure cash flow (even a small amount) is possible given these current loan interest rates unless you find the deal of the century. 

Is it purely interest?

That’s a pure cash flow play - monthly interest payments hitting your bank account is a great feeling!

Assuming this is purely for investment sake, $55k on a $615k property isn’t a good use of your $$$.

Or a pure rental property?

If the pure reason for moving is real estate costs then you are already in one of the best markets where you will get the biggest bank for your buck since you can use leverage and purchase a single family or condo with 3-5% down like @Brianna Billings has done and proven its possible...or you can look at multifamily options and purchase a duplex with FHA loan and put 3.5% down or put 5% down for a conventional loan and purchase a 3-4 unit property.  

Just pure curiosity - trying to get a feel for various markets.

I ask only because most owner occupants will pay more than a pure investor and tend to "fall in love" with a property instead of focusing on the deal.

This is a pure speculation play. 

*disclaimer* i'm not saying you could get those specific terms, its purely for example purposes.