Property overwhelm / analysis paralysis - BRRRR

[Chad M.]

Hello community, I wanted to run a strategy by you for BRRRR in my area.

• I live in Downers Grove, and am seeking BRRRR SFH in that area as well as a few other similar Dupage County western Chicago suburbs.
• I'm at the point where I'm seeing many properties that would likely work for BRRRR, as long as the price comes down significantly from list (e.g., homes listed at ~$250/275k needing to be purchased for $200/225k).
• Now, these are on the MLS, so competing against retail buyers.

At the end of the day, say there are 20 properties that look good to me at the right price, I'm leaning towards doing the tour, estimating the cost to rehab, and then making quite low offers, in the hopes that at least one or two would get accepted at a price point that makes the deal work for me.

So my question is, does this strategy (in bold above) make sense? Are others approaching the market in this way?