Investing in areas with low rent to price ratios

[Travis Nachman]

I am looking at properties around the St. Pete area to invest in, but the prices are way to high compared to what they can rent for. Ideally I would like to brrrr but even the good flips will lose a lot of money on the rent side of it. What are some ways to make this work? I've considered the possibility of finding properties I can ad an ADU or even just leaving extra money in the deal so the debt payment isn't so high. The videos I see online of people using the brrrr strategy are in markets unlike mine, so any advice on how to make a market like St. Pete work would be greatly appreciated!