How to BRRRR a duplex that is already renovated?

[Ashley Benning]

I've been watching a duplex that's been on the market for quite some time. It was recently renovated, and has tenants in place with contracts through spring 2018. Rents are about average and pro forma cap rate is 9%. I'm wondering why it hasn't sold, first of all. But secondly, I have been interested in it since it first was listed, but I don't have cash to sink into a property long-term right now. I'm just starting out and so need to BRRRR or flip for a while until I can build up some reserves. How could I BRRRR a property like this one that is already renovated to the standard of living for the area? I guess I could just go in with a low cash offer and see if the seller bites. Got any other thoughts? Where might I be able to build in some value that I may have overlooked? Or, am I approaching this wrong? Thanks!