Are cash-flowing markets getting too expensive?

[Jamey Mako]

I've been looking for rentals through turnkey providers, but found very few that met the 1% rule. When using the typical 10% for vacancy, management, maintenance, I am only seeing 5-7% cash on cash return. A lot of these turnkey companies sell properties in similar cities that are considered great cash-flow markets. So I was wondering are all the good cash-flow markets just getting more expensive or is anyone still finding deals with better returns?