Can we succeed finding properties on MLS (Redfin, Realtor)?

[Rocky R.]

Hello,

Is there space for a layman investor to actually find a good deal on ready to occupy homes listed on Redfin, Realtor etc? 

Most of the discussions people have seem to be buying a not so great property and then actually contracting to fixing it and getting value out of it and rent? Is it wasted effort to try finding ready to rent properties listed on Redfin? The best deals I found on "homes in good condition type properties" seem to have a rental ratio of .85% max, with minimal cash flow.

And obviously buying on retail listed prices would obviously mean we are paying top dollar in the current market price. Is what i am thinking/aiming even qualify as "real estate investing"? :)

Appreciate your suggestions and expertise. 

Thanks!