Buying Multi-family in a sellers market

[Hector Sanfeliz]

I've want to invest in my first multi-family property in here in Florida. The general concept behind investing in real estate as I understand it should generally be to buy a property with that will cash flow if the intent is to rent it out. The first problem that i'm running into is the mean sellers market that we are in meaning bidding low or even at asking price tends to fail. The second problem is that most multi-families in the area are distressed meaning I have to factor in some repair money in my calculations. The combination of the 2 issues makes every property look like a bad property before I even look at them even after I do a CMA. Anyone run into this before, if so, what did you do or what would you recommend.