Orlando investing cap rates

[Jean-Thierry Aleman]

 My name is JT and I moved to Orlando Approx 1 year ago from Hawaii. I am a Paramedic with virtually no experience in real estate. I house hacked my living situation when I was single and renting. Now, I'm house hacking again, but this time, with my wife.  We own a house with a cottage in the back..... Anyways .... Wife and I are looking to get another property or two and I've listened to a lot of BP podcasts over the last 2 years and seen a lot of rules of thumb. I'm wondering if local investors can tell me what numbers are good for Orlando? such as the 2% or 1% rule which seem difficult to find.... or finding good purchase price guides for example

(ARV x .7) - repair costs = offer price on property.

I see this one a lot and have made offers using this as a guide but I'm wondering if I am going to low as I am consinsently beaten out by other buyers. I don't want to pay too much because I want to buy smart but am wondering if I should adjust for local market knowledge that I don't yet have.

Also... what are good cap rates and Cash on Cash ROI percentages here in Orlando?

Thank you so much for your time.

-JT Aleman